CBA commonwealth bank of australia.

News: CBA Australia's ASIC Says Big Banks To Refund Millions In Fees To Low-Income Customers

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    July 15 (Reuters) -

    Australia's ASIC -

    • BIG BANKS TO REFUND MILLIONS IN FEES TO LOW-INCOME CUSTOMERS FOLLOWING ASIC REPORT
    • ASIC REVIEW REVEALED FOUR AUSTRALIAN BANKS SYSTEMICALLY CHARGED HIGH FEES TO BANK CUSTOMERS ON LOW INCOMES
    • BANK CUSTOMERS ON LOW INCOMES, INCLUDING FIRST NATIONS CUSTOMERS, TO BE REFUNDED OVER A$28 MILLION FOLLOWING ASIC REPORT
    • FOLLOWING ASIC'S REVIEW, THE BANKS HAVE MIGRATED MORE THAN 200,000 CUSTOMERS INTO LOW-FEE ACCOUNTS
 
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