http://m.smh.com.au/business/banking-and-finance/anz-late-payment-credit-card-fees-illegal-court-20140205-3205g.html
"The firm funding the lawsuit, Bentham IMF, said late payment fees were worth a quarter of the $55 million that customers had been seeking from ANZ – about $12.5 million.
But the case against ANZ has broader ramifications because is being seen as a template for a 170,000-strong class action against major lenders including the Commonwealth Bank, Westpac, NAB, Citi, which proponents say could be worth up to $200 million. It is being billed as the largest class action in Australian history............"
Gl all
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