This comes after we settled a similar case with NAB for $49.5 million, providing compensation to those who bought the worthless insurance. As with NAB, both the ANZ and Westpac class actions is being run no win, no fee and without a litigation funder.
The consumer credit insurance class actions are part of a series of cases following from the Banking Royal Commission which heard that banks were using pressure sales tactics to sell unnecessary credit card and personal loan insurance to customers who were ineligible to make claims under the policies.
Slater and Gordon has already been contacted by hundreds of ANZ and Westpac customers who are interested in participating in the claim. We would encourage any ANZ or Westpac customers who held these products to register their interest in participating in the claims at below.
If you believe you may have been mis-sold insurance on credit card or personal loan with ANZ or Westpac, which had one of these policies:
- ANZ Credit Cover
- ANZ Credit Cover Plus
- ANZ Loan Protection
- Westpac Credit Card Repayment Protection
- Westpac Personal Loan Protection
If so, please register your interest in the class action completing the registration form below.
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