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

ASB recently agreed to pay $135.6 million to settle a class action for allegedly breaching the &nbsp;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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Kent Duston: Banking Reform Coalition convener on whether recent banking reforms are at risk

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/143dbee5-a034-422c-af7d-b3700073f668/transcript

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