UPDATED ANZ to ‘vigorously defend’ exception fees claims

Tue, 18 Jun 2013

By Paul McBeth June 18 (BusinessDesk) - ANZ Bank New Zealand, the country’s biggest lender, will defend a class suit over an estimated $250 million fees charged customers for going into overdraft, late credit card payments and bouncing cheques. The bank was today named as the first defendant in what will be several class actions against the nation’s lenders, led by Auckland-based lawyer Andrew Hooker, Australian consumer law firm Slater & Gordon and Litigation Lending Services, a litigation funding firm. Documents are expected to be filed...

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