Fionnghuala Cuncannon: On ANZ and ASB possibly having to refund interest to more than 100-thousand customers with home loans

Heather du Plessis-Allan Drive

Konten disediakan oleh NZME and Newstalk ZB. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh NZME and Newstalk ZB atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

2M ago 3:27

MP3•Beranda episode

ANZ and ASB may have to refund interest to more than 100-thousand customers with home loans.

Plaintiffs are seeking the refund after the banks breached consumer rights contracts.

The Court of Appeal has ordered affected customers will be automatically included in the case.

Class action lawyer Fionnghuala Cuncannon told Heather du Plessis Allan the banks failed to comply with their disclosure obligations.

ANZ hasn't opposed the decision, but says it has already rectified the situation with customers, paying out more than 35 million dollars.

ASB says it does not comment on litigation.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

7763 episode

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News