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 s 17
Industry
Financial and insurance services
Status
Closed
Outcome
Out-of-court settlement
Case number
Date opened
07 May 2018
Date closed
31 January 2020
Contact person