Platinum fee on Qantas Citi card 06 June 2017 3:53PM Qantas has launched its first sole-branded credit card targeted at platinum card users. read more
ANZ fees' ruling could change EDR 07 February 2014 5:24PM Consumer advocates believe that Justice Michelle Gordon's finding earlier this week that ANZ's late payment fees were extravagant and unconscionable may force dispute resolution schemes such as the.. read more
Fifty cents a fair late payment fee 06 February 2014 5:49PM Both ANZ and the plaintiffs in the class action over penalty fees are likely to appeal after the Federal Court ruled partly in favour of each party in a piece of landmark litigation delivered yester.. read more
Class action funders seek more claimants 06 February 2014 5:48PM A key feature of the judgement in the ANZ fees class action case is that late payment fees charged more than six years ago may be claimed and are not barred by the statute of limitations. Financial.. read more
Margins motivated bank on exception fees 06 February 2014 5:44PM ANZ "well knew that the level of exception fees it charged was well above 'cost recovery'," Federal Court judge Justice Michelle Gordon said in concluding the ANZ fees class action case. read more
Plaintiffs' experts preferred by court 06 February 2014 5:43PM Other banks defending class actions over penalty fees will want to take notice of the Federal Court's preference for the expert evidence of the plaintiffs' consultant, Paul Regan, of the Californian.. read more
ANZ fees designed to 'improve revenue streams' 13 December 2013 5:49PM Confidential ANZ emails show that in 2007 at least one senior executive was referring to the bank's fees on late payments and overdraws as "penalty fees". Banking Day and the Australian Broadcasting.. read more
Banking Day article prompts ANZ crisis management 13 December 2013 5:47PM Among the bundle of exhibits inspected by Banking Day yesterday at the Federal Court was a raft of articles this publication sent out to subscribers on Wednesday, May 9, 2007. The top story that day.. read more
ANZ fees class action has final day in court 11 December 2013 5:40PM The Federal Court's hearing of the ANZ exception fees class action test case ended in Melbourne yesterday, with counsel for both sides presenting their final oral submissions to the bench. read more
ANZ had 'no idea' what its costs were 10 December 2013 5:22PM ANZ Bank had "no idea" what its costs were for managing overdrawn accounts when it drafted consumer contracts for its banking products, the Federal Court was told yesterday. Tortuous legal arguments.. read more