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National Australia Bank Limited (ASX:NAB) is set to settle a class action led by law firm Maurice Blackburn to return unfair late payment fees.The bank has now paved the way to settle the case focussed on excessive fees which has been ongoing since 2011.NAB's CEO Andrew Thorburn says the bank is making the move because it is the right thing to do for its customers and business.Consumer advocate group CHOICE has welcomed NAB’s decision and says it is a clear signal other businesses should follow suit.CHOICE expects to see late payment fees to come down in other sectors, such as telecommunications, as a result of this decision.National Australia Bank reported a net profit of $5.29 billion in the year to the end of September.
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Last
$43.42 |
Change
-0.670(1.52%) |
Mkt cap ! $132.9B | |||
| Open | High | Low | Value | Volume |
| $43.93 | $43.99 | $43.35 | $187.8M | 4.317M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 289 | $43.41 |
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| Price($) | Vol. | No. |
|---|---|---|
| $43.43 | 580 | 1 |
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| Last trade - 16.15pm 17/09/2025 (20 minute delay) ? |
| NAB (ASX) Chart |