Westpac pinged $3.25m for overcharging, misleading customers
Australian bank found guilty of overcharging its clients by $6.35 million from 2004 to late 2021 but has thus far made remediation payments of $7.35m.
Westpac has been slapped with a $3.25 million penalty for misleading customers who were otherwise entitled to advertised discounts, while overcharging its business customers.
New Zealand's fourth-largest bank admitted to breaching the fair dealing provisions under the Financial Markets Conduct Act
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