Australian Bank Wins Appeal Against Court Decision on Fees

April 8, 2015 4:06 AM

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Australia's ANZ Banking Group Ltd. has won an appeal against a court decision that late payment fees charged on credit cards were exorbitant and unlawful.

The Federal Court on Wednesday unanimously overturned a decision by Justice Michelle Gordon in February last year that ANZ had been illegally imposing penalties for late payments on credit cards.

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