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Banks Face Australia's Biggest Consumer Class Action


Ron Burgundy
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Some 43,500 ANZ Bank customers are fighting for the return of what they say are excessive feesAustralia's largest ever consumer class action in which bank customers are fighting for the return of more than Aus$240 million (US$220 million) in fees began in Melbourne on Monday. Law firm Maurice Blackburn is representing some 43,500 ANZ Bank customers who believe a wide range of charges they paid were excessive, in the first of several trials planned as part of the case. "So you might be a dollar over on your account or a day late in your payment and the banks will slug you with a fee that's out of all proportion to what it costs them for that minor transgression," Maurice Blackburn's Andrew Watson said. "It's time for ANZ Bank customers to have their day in court."




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