Westpac Bank has signed a settlement agreement with the New Zealand consumer watchdog, The Commerce Commission, admitting it breached the Credit Contracts and Consumer Finance Act 2003, and agreeing to make payments to customers totalling $3.7 million.
Fifty thousand dollars is on offer in the 2019 Westpac Innovation Challenge which gives start-ups, scale-ups and entrepreneurs the chance to win and provide them with professional support to grow their businesses.
New Zealand’s consumer watchdog has announced the Westpac Bank has agreed to refund 93,000 customers overcharged $7 million for services.
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