ANZ Bank New Zealand Limited
ANZ Bank New Zealand Limited has signed a settlement agreement with the Commerce Commission admitting a breach of its responsible lending obligations, and has also agreed to pay customers a further $29.4 million.
Case Details
Parties
ANZ Bank New Zealand Limited
Category
Consumer
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 s 9C(2)(a)(iii)
Industry
Financial and insurance services
Status
Closed
Outcome
Out-of-court settlement
Case number
Date opened
29 June 2017
Date closed
02 March 2020
Contact person