The Wire

A class action against twelve of Australia’s banks is expected to attract up to five 500,000 people seeking repayment of dishonour and late fees. The IMF’s Financial Redress team is funding the case, and argues that these fees are illegal because they amount to a penalty rather than a legitimate fee. The Wire’s Ryneisha Bollard spoke with Choice Consumer Group spokesperson Christopher Zinn, who has joined the class action as an individual.