COMMONWEALTH BANK OF AUSTRALIA 29 November 2022
CBA acknowledges Federal Court judgementFollowing proceedings brought by ASIC in relation to errors made by CBA in charging monthly account fees to certain customers, the Federal Court found that the bank did not breach the Corporations Act and ASIC Act provisions.
CBA acknowledges the Federal Court has dismissed proceedings brought by ASIC in relation to errors by CBA in charging monthly account fees to certain customers and found that CBA did not breach the Corporations Act and ASIC Act provisions alleged by ASIC. CBA acknowledges that some customers were impacted by errors in relation to the charging of monthly account fees. We confirm that CBA has completed the customer remediation program in relation to the issues in the proceedings.
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Commonwealth Bank of Australia published this content on 29 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2022 11:30:38 UTC.
