ANZ Bank to defend class action suit

A class action suit has been launched agains ANZ and ASB banks. (Image: supplied)

Thu, 30 Sep 2021

ANZ Bank said it will be defending the class action suit launched against it late yesterday which has the potential to cost it much more than the $35.4 million it has already paid."We understand this litigation relates to a historic loan calculator issue, although we have not yet seen a copy of the claim," the bank told BusinessDesk."This issue resulted in some customers underpaying their loans by an average of $2 a month for a short time. ANZ identified the issue and reported it to the Commerce Commission in 2017," it said....

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