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Late Payments › Class Action

K&L Gates LLP

Bank Late Payment Fees Held to be Penalties – Class Action Risk for Other Industries

K&L Gates LLP on

Paciocco v ANZ [2014] FCA 35 - The Federal Court of Australia (Federal Court) has held that late payment fees charged by a bank to its credit card customers were unlawful penalties. Paciocco v ANZ [2014] FCA 35...more

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