Many Affected By The BP Oil Spill

Published on July 15, 2010 by Technology Slice

Many Affected By The BP Oil Spill – Financial institutions whose customers are affected by the BP PLC oil spill should try to expedite loans, ease credit terms and consider waiving late fees and penalties, U.S. banking regulators said Wednesday. The announcement, made by the Federal Reserve and all the other U.S. banking regulators, comes [...]

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Posted in World

Banks Making A Killing On Penalty Fees

Published on May 24, 2010 by Technology Slice

Banks Making A Killing On Penalty Fees – Banks have been making huge profit margins of up to 14,000 per cent on controversial exception fees levied on a variety of basic transactions. Confidential data from two banks, obtained by Your Money, has revealed the true cost to the banks when customers are overdrawn or exceed [...]

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Posted in Money

NAB Refunding Fees

Published on May 16, 2010 by Technology Slice

NAB Refunding Fees – National Australia Bank says a mass of customer refunds for late fees has nothing to do with the threat of a $5 billion class action. The potential class action against 12 banks would seek to claw back billions for customers in ”exception fees”, including for late credit card payments or overdrawn [...]

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Posted in General

Wheel turning against banks: law firm

Published on May 15, 2010 by Technology Slice

The firm handling a & #36;5b class action over claims of unfair bank fees says moves by NAB to refund millions in late penalties shows a change in their behaviour.

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Posted in Money

NAB denies law firm sparked customer repayments

Published on May 15, 2010 by Technology Slice

The National Australia Bank has denied it started refunding some fees to customers after news of a proposed class action against the banks.

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Posted in Money

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