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ASIC takes NAB to court over account fees

Max Mason
Max MasonSenior reporter
Updated

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The corporate regulator is taking action against National Australia Bank, alleging unconscionable conduct and misrepresentation of account fees in charging customers a total of $365,454 to which it wasn’t entitled.

The Australian Securities and Investments Commission lodged against NAB in the Queensland arm of the Federal Court of Australia on Wednesday afternoon.

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    Original URL: https://www.afr.com/companies/financial-services/asic-takes-nab-to-court-over-account-fees-20210225-p575oz