ASIC’s proceeding against Commonwealth Bank for misleading conduct over monthly access fees dismissed
The Federal Court has dismissed proceedings brought by ASIC alleging Commonwealth Bank of Australia (CBA) engaged in misleading or deceptive conduct, made false or misleading representations and contravened its obligations as an Australian financial services licensee by incorrectly charging monthly access fees to customers. ASIC alleged that between 1 June 2010 and 11 September 2019, …
