ASIC sues Commonwealth Bank for $8.5 million in overcharged fees
ASIC has sued Commonwealth Bank, alleging the bank overcharged about 42,000 business customers a total of $8.5 million in undisclosed fees. The regulator claims CBA's CommBiz terms misled customers regarding direct debit and credit costs. Civil penalty proceedings have commenced against Australia's largest bank for these alleged violations.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 11 Nov 2026, 22:00 UTC · Updated 11 Nov 2026, 22:10 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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