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25 Dec 2024 19:00
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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

    Motoring:
    A child has died after being struck by a vehicle in a driveway in Masterton this afternoon 18:57

    Entertainment:
    Liam Gallagher is planning a big family Christmas bash but his brother Noel is not invited 18:45

    Accident and Emergency:
    Four people are injured, one seriously, following a crash on State Highway One near Balclutha 18:37

    Politics:
    Waikeria Prison, south of Hamilton, was locked down temporarily last night, after prisoners were caught having a homebrew booze-up 18:17

    Entertainment:
    Police were called to Michael B. Jordan's home after an alleged intruder was spotted in his garden 18:15

    Entertainment:
    Blake Lively has received support from Colleen Hoover in the wake of her lawsuit against Justin Baldoni 17:45

    Entertainment:
    Tom Hanks and Tina Fey were among the stars to induct Martin Short into the 'Saturday Night Live' Five-Timers Club on Saturday (21.12.24) 17:15

    Living & Travel:
    A warning's been issued to swimmers, after great white sharks have been spotted in a Waikato harbour 16:57

    Entertainment:
    Dolly Parton loves receiving "tote bags and baskets" for Christmas 16:45

    Politics:
    Fire and Emergency want people to spark up a conversation about fire safety this Christmas 16:17


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