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Australia's second-largest lender, National Australia Bank (OTC:NABZY) (ASX:NAB), was handed a A$2.1 million penalty by the Federal Court on Friday for improperly charging consumers recurring payment fees. The bank was found to have wrongfully charged payment fees on 74,593 occasions, amounting to A$139,845, according to the Australian Securities&Investments Commission (ASIC).
The ASIC stated that NAB continued to charge its consumers periodic payment fees for transferring money despite knowing...
>>> Read more: National Australia Bank faces $2.1 million fine over improper charges
The ASIC stated that NAB continued to charge its consumers periodic payment fees for transferring money despite knowing...
>>> Read more: National Australia Bank faces $2.1 million fine over improper charges
