One class action that the vast majority of Australians undoubtedly hope would succeed:
Leading litigation funder IMF Australia will pay for more than 10 class actions against the banks, including the big four – Commonwealth Bank, ANZ, Westpac and National Australia Bank – in an effort to claw back at least $400 million in what its lawyers will claim is a systematic gouging of banking customers.
There’s a reason why most bank advertising you see is disingenuously pushing a “we’re not like other banks” line.
PS If you’ve paid one of these fees recently, they’re inviting you to hop aboard.
UPDATE: More than 40,000 people have already joined up.