ANZ says fees will not rise after High Court win | Law

ANZ says fees will not rise after High Court win

Associate Professor Michael Legg speaks to The Financial Review (27 July 2016) on the recent class action against ANZ regarding its $35 late payment fees.

Professor Legg said that the recent action allowed more customers to band together and take on larger opponents.

'However, now it demonstrates that sometimes the class action plaintiffs lose' Legg notes, 'But from a public policy perspective, we would not be having the debate over bank fees, the law on penalties and consumer protection laws without the class action being commenced.'

Read the full article here