Westpac New Zealand Limited
Westpac New Zealand Limited has signed a settlement agreement with the Commerce Commission admitting it breached the Credit Contracts and Consumer Finance Act 2003, and has also agreed to make payments to customers totalling $3.7 million.
Case Details
Parties
Westpac New Zealand Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 17
Industry
Financial and insurance services
Status
Closed
Outcome
Settlement
Case Number
Date opened
07 May 2018
Date closed
31 January 2020
Contact person