Tag: anz
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ANZ Pays $3.25 Million for Misleading Statements
ANZ has admitted to breaching fair dealing laws and will pay $3.25 million to the Crown following a Financial Markets Authority (FMA) investigation. The breaches involve wrongly applying fees and interest for unarranged overdrafts and incorrectly claiming repayment of mortgage…
BusinessPolitics and GovernmentEconomyFinancial MarketsBankingLegal ANZFinancial Markets AuthorityFMAFinancial Markets Conduct ActMortgage incentivesOverdraft feesFinanceNZ Financial Markets Authority
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Media Monitor: RNZ Reports on Bank Settlement, Rugby Suspensions
RNZ is reporting that a class action lawsuit against ASB and ANZ banks is offering to settle for more than $300 million. It said the case involves more than 150,000 customers affected between 2015 and 2019. The banks breached credit…
BusinessPolitics and GovernmentSportHealthWorldEconomyBankingLaw EnforcementLegal RNZASBANZClass Action LawsuitDunedinGore District CouncilAll BlacksRNZ News