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High Court hears banks fees submissions

15 August 2012 8:25am
The High Court has started hearing submissions from applicants in the bank fees class action to have the case include a wider range of fees.

The action is on behalf of about 38,000 class members who were customers of ANZ. In its initial stage the litigation only involves ANZ as a test case.

In total, the class action involves 170,000 customers of eight banks claiming more than $200 million of fees.

In December last year, the Federal Court ruled that late payment fees were capable of being penalties, but found for ANZ on the other fees.

It drew on a House of Lords...

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