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Below is the first part of an article from france24.com. It reads…

AFP – Australia’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.

Their lawyers argue the honour, dishonour, late payment and over-limit fees — usually a Aus$25 to Aus$35 charge — were exorbitant, unfair penalties rather than fees for services and no reflection of what it cost the banks to deal with.

“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.

Source:  http://www.france24.com/en/20131202-banks-face-australias-biggest-consumer-class-action

Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on Marc Primo TwitterMarc Primo MantaMarc Primo FacebookMarc Primo Squarespace, Marc Primo Pulisci Dot ComMarc Primo Dot Com

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