Westpac, BNZ next up in bank fees' class suit

Sun, 17 Aug 2014

By Paul McBeth Aug. 18 (BusinessDesk) - Westpac Banking Corp and Bank of New Zealand are the next two lenders to face a class suit over penalty fees. Lawyers for the Fair Play on Fees suit will file papers in the High Court in Auckland on Wednesday against the two lenders, the group said in a statement. Westpac and BNZ were named as the next targets, along with ASB Bank in February, with papers already filed against Kiwibank and ANZ Bank New Zealand. Lawyers representing the group, led by Auckland-based Andrew Hooker, Australian firm S...

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