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CBA to pay $7m for overcharged interest

BY ANNABELLE DICKSON | THURSDAY, 8 APR 2021 12:11PM

The Federal Court has imposed a $7 million penalty on Commonwealth Bank for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period.

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Read more: CBA, ASIC, Commonwealth Bank, Justice Lee, Sean Hughes

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