National Australia Bank customers could end up receiving about a third of a total $6.6 million settlement that was to safeguard compensation for the alleged wrongful levy of penalty fees by the bank.
The Federal Court approved a confidential settlement between class action members led by Maurice Blackburn on April 6 which resulted in $6.6 million in compensation being apportioned to NAB customers for late payment fees the bank levied on credit cards.
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Marianna Papadakis writes on court and legal affairs reporter. She is based in our Sydney newsroom. Connect with Marianna on Twitter.
