ASB and ANZ in court this week to appeal class action ruling

The case will run for two days. (Image: Court of Appeal)

Mon, 10 Jul 2023

The New Zealand court of appeal will hear an appeal from ASB Bank on July 11 and 12 regarding a class action proceeding regarding breaches of consumer finance legislation. ASB Bank said it is appealing a high court decision permitting the plaintiffs to pursue their claims as an opt-out representative proceeding. The appeal is also being brought by ANZ Bank. The case dates back to September 2021 when plaintiffs sought to bring a class action related to ASB’s compliance with parts of the Credit Contracts and Consumer Fin...

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