New Zealand High Court Rules ANZ Breached Section 22 of Consumer Finance Act in Class Action

The High Court in New Zealand ruled that ANZ New Zealand breached Section 22 of the Credit Contracts and Consumer Finance Act 2003, delivering summary judgment in a related class action, @FirstSquawk reported. The ruling came in the context of the class action involving the Credit Contracts and Consumer Finance Act 2003, with the High Court determining the breach by ANZ New Zealand.

ANZ New Zealand is considering the judgment and its next steps following the High Court's decision, according to @FirstSquawk.