ANZ agrees to $57.5m settlement of lawsuit over credit card interest-free periods
ANZ has agreed to pay $57.5 million to settle a class action lawsuit alleging customers were charged interest on credit card purchases that should have been interest-free. The class action claim, brought by Phi Finney McDonald, alleged ANZ’s credit card interest terms were unfair because they enabled the bank to retrospectively cancel customers’ interest-free periods. … Read more
