ANZ named as first bank in $250M default fees class suit

Tue, 18 Jun 2013

By Paul McBeth June 18 (BusinessDesk) - ANZ Bank New Zealand, the country’s biggest lender, has been named as the first bank facing a class suit over an estimated $250 million fees charged customers for going into overdraft, late credit card payments and bouncing cheques. Auckland-based lawyer Andrew Hooker, Australian consumer law firm Slater & Gordon and Litigation Lending Services, a litigation funding firm, will file documents in the High Court in Auckland next Tuesday claiming ANZ overcharged customers millions of dollars for six years...

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