Judge clears path for class action on ANZ bank fees

ANZ customers have had a partial victory in their legal battle against bank fees.

A Federal Court judge today made rulings that will allow 34,000 disgruntled ANZ customers to pursue a class action to recover fees they say are illegal.

Justice Michelle Gordon ruled that late payment fees are capable of being categorised as penalty fees.

This means the bank is not simply recovering its costs in administering late payments but could be gouging its customers.

Justice Gordon ruled that four fees charged by the ANZ could be categorised as penalty fees.

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