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23 Dec 2024 17:08
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  •   Home > News > Business

    Westpac says it's remediated all customers who were misled or overcharged by package issues

    Westpac says it's remediated all customers who were misled or overcharged by package issues


    The Financial Markets Authority says the bank's breaches of the fair dealing provisions affected almost 25-thousand customers and resulted in 6.35-million-dollars in overcharges.

    A Westpac spokesperson says it self-reported the issues which applied to customers under some product packages and Business Transact Accounts.

    They say it's cooperated fully and openly with the FMA's investigation.

    A penalty hearing is likely due some time next year.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Cricket:
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    Living & Travel:
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    Living & Travel:
    An Air New Zealand flight from Christchurch to Auckland has been forced to turn around due to a hydraulic system issue identified shortly after takeoff 16:17

    Entertainment:
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    Law and Order:
    Police officer disguised as the Grinch leads drug bust operation in Peru 15:47

    Entertainment:
    Paris Hilton says she would consider a career in politics after she helped pass the Stop Institutional Child Abuse Act in the US 15:45

    Law and Order:
    The woman charged with murder following the death of a 67-year-old man in Gisborne two months ago, has received interim name suppression 15:27

    Golf:
    Bernhard Langer's reassuring adoring golf fans that a first PNC Championship title is just around the corner for Tiger and Charlie Woods 15:27

    Business:
    An economist estimates the Government's footing a more than a 1.7 billion dollar bill for the new Cook Strait ferries 15:07


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