Co-op Bank repays customers $7.2m after unreasonable fees
The bank has made a settlement agreement with the Commerce Commission.
Co-operative Bank has remediated 48,249 customers $7.225 million for charging higher fees than it should have. The customer-owned mutual bank has admitted breaches of the Credit Contracts and Consumer Finance Act 2003 (CCCFA) and entered into a settlement agreement with the Commerce Commission. The
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