ANZ says watchdog plans to take it to court for wrongful fee charges
(Reuters) - Australia and New Zealand Banking Group Ltd (ANZ) on Thursday said Australia's corporate regulator plans to begin civil proceedings against the lender for wrongful charging of fees. ANZ, one of Australia's Big Four banks, said it has been informed by the Australian Securities and Investments Commission (ASIC) that the proceedings relate to fees charged for periodical payments in some cases before February 2016.
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