April 1 (Reuters) - Australian Securities and Investments Commission:
- COMMENCED CIVIL PENALTY PROCEEDINGS IN FEDERAL COURT AGAINST CBA
- CIVIL PENALTY PROCEEDINGS AGAINST CBA, ALLEGING THAT IT CHARGED MONTHLY ACCESS FEES TO CUSTOMERS WHEN IT WAS NOT ENTITLED TO DO SO
- ALLEGES THAT, BETWEEN 1 JUNE 2010 & 11 SEPT 2019, CBA INCORRECTLY CHARGED MONTHLY ACCESS FEES TO CUSTOMERS WHO WERE ENTITLED TO FEE WAIVERS
- ALMOST $55 MILLION IN FEES WERE CHARGED TO NEARLY ONE MILLION CUSTOMERS AND MORE THAN 800,000 ACCOUNTS
- BETWEEN 1 APRIL 2015 & 11 SEPT 2019, ASIC ALLEGES CBA INCORRECTLY CHARGED MONTHLY ACCESS FEES ON ABOUT 2.4 MILLION OCCASIONS, TOTALING $11.5 MILLION
Source ( https://bit.ly/3fsmS9O)
(([email protected];))
April 1 (Reuters) - Australian Securities and Investments...
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