CBA Fined $5M for Overcharging Customers

CBA Fined $5M for Overcharging Customers
A Commonwealth Bank of Australia logo adorns the wall of a branch in Sydney, Australia, May 8, 2017. David Gray/File Photo/Reuters
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The Commonwealth Bank of Australia (CBA) has been fined $5 million for overcharging thousands of customers on a financial product designed for farmers.

CBA has refunded more than $8 million to 8660 customers it overcharged fees and interest on loans and also underpaid interest on savings, through its AgriAdvantage packages.

AAP
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Australian Associated Press is an Australian news agency.
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