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ANZ Bank to defend class action suit

Jenny Ruth
Thu, 30 Sep 2021

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