Multimillion-dollar claim launched against banks ASB and ANZ

TV1 News | 29 September 2021

A multimillion-dollar claim has been launched by Kiwi customers against two big Australian banks.

The landmark case has been filed against ASB and ANZ late this afternoon, claiming the banks have failed to refund more than 150,000 customers interest and fees they were not entitled to charge.

Banking Class Action solicitor Scott Russell says the case is being brought under the Credit Contracts and Consumer Finance Act, alleging the banks breached their disclosure obligations.

He told 1News the case is about “accountability and fairness”.

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