ASB recently agreed to pay $135.6 million to settle a class action for allegedly breaching the Credit Contracts and Consumer Finance Act.
ANZ has refused to settle, and it's prompted concerns over recent proposed banking reforms are at risk.
Banking Reform Coalition convener Kent Duston explained further.
LISTEN ABOVE

Enda Brady: UK correspondent on the launch of robotaxis in London
04:48

Sam Dickie: Fisher Funds expert on the concerns raised over growing Government debts
03:36

Hamish McKay: The Country spokesperson on the recent outbreak of Madagascar ragwort
02:48