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23 Dec 2024 15:34
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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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     Top Stories

    RUGBY RUGBY
    Two-time NRL premiership winner Joey Manu has made a promising start to his rugby career in Japan More...


    BUSINESS BUSINESS
    An economist estimates the Government's footing a more than a 1.7 billion dollar bill for the new Cook Strait ferries More...



     Today's News

    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

    Cricket:
    Australia has set New Zealand a difficult chase of 291 runs to win the third ODI at the Basin Reserve in Wellington 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

    Rugby League:
    Two-time NRL premiership winner Joey Manu has made a promising start to his rugby career in Japan 15:07

    Cricket:
    New Zealand cricketers without national contracts are still in the running to make the Black Caps for the Champions Trophy in the UAE next February and March 14:57

    Law and Order:
    Rotorua police have arrested two Black Power associates, for allegedly supplying methamphetamine 14:57

    International:
    Donald Trump threatens to retake control of Panama Canal over excessive rates 14:27

    Cricket:
    The White Ferns are struggling to put the brakes on Australia in the third ODI at the Basin Reserve 14:07

    Law and Order:
    Two people are in hospital with serious gunshot wounds after a shooting in Auckland's Hobsonville 13:27


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