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Banking Class Action - Latest News [Page 1]
Banking Class Action Welcomes Move To Exclude ANZ Case From CCCFA Amendment
Monday, 20 October 2025, 10:56 am | Banking Class Action
The Banking Class Action was filed in 2021. It alleges ANZ breached key consumer disclosure obligations under the CCCFA. More >>
ASB Settles Banking Class Action Claim For $135.6m – Case Against ANZ Continues
Tuesday, 7 October 2025, 9:23 am | Banking Class Action
Scott Russell, the lawyer representing the ASB plaintiffs, said the settlement was reached without ASB admitting liability and is subject to court approval. The settlement would conclude over four years of court action against ASB. More >>
Australia Gets Tough On Bank Misconduct, While New Zealand Considers Weakening Consumer Protections
Tuesday, 16 September 2025, 7:09 pm | Banking Class Action
Instead of being accountable in New Zealand, ANZ is lobbying for a retrospective law change, undermining the rights of tens of thousands of New Zealanders, Scott Russell, lawyer leading the Banking Class Action. More >>
ANZ Penalty Shows Banks Still Treating Compliance Failures As Cost Of Doing Business
Monday, 8 September 2025, 3:55 pm | Banking Class Action
Banking Class Action responds to ANZ’s $3.25m penalty – stating it highlights the failure of banks to invest in the systems and processes needed to protect their customers. More >>
Please Explain! The Proponents Of The Retrospective Law Change Need To Front Up
Tuesday, 17 June 2025, 7:41 pm | Banking Class Action
“The Select Committee process cannot be allowed to rubber-stamp a law change that overrides consumer rights and undermines public trust – especially when those responsible won’t even show up to explain it,” Scott Russell said. “If this is in the public ... More >>
Government’s Retrospective Law Change Threatens Consumer Protections
Thursday, 10 April 2025, 7:47 pm | Banking Class Action
The amendment undermines confidence in the rule of law and therefore, confidence in everyday commerce and international investment. It harms NZ’s reputation and unfairly denies the plaintiffs their claims, for no other reason other than to effectively ... More >>
Update From Banking Class Action: Confirming ASB & ANZ Have And Will Continue To Retain All Relevant Customer Records
Wednesday, 28 August 2024, 5:01 pm | Banking Class Action
We refer to the media statement issued on Friday 23 August that recommended ANZ and ASB customers who believe they may be entitled to participate in the ANZ / ASB class action contact their bank and request copies of their banking records. Bank ... More >>
Court Of Appeal Hands Customers Of ANZ & ASB A Huge Victory In Class Action Case
Friday, 23 August 2024, 8:05 pm | Banking Class Action
The Court of Appeal ruling means that every affected customer will now be part of the class action, unless they choose to opt out, potentially leading to substantial refunds for thousands of New Zealand homeowners. More >>
