Kiwibank to get sentenced in October for duping some home loan customers over fees, overdrafts

Tue, 16 Jul 2024

Kiwibank will be sentenced in October for misleading some customers over home loan fees and overdrafts.Court documents show in some new detail what the Commerce Commission accused Kiwibank of.Kiwibank last month said it was disappointed for letting some customers down and it promised to pay back the money - estimated at $7 million.The bank faces 21 charges at Auckland District Court and has admitted fault.“Kiwibank made representations in account statements rendered to certain home loan customers that those customers had been re...

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