ANZ Bank Faces Huge Loss After Court Ruling in Class Action Lawsuit

High Court rules against ANZ Bank in a class action claim. The bank estimates a $125 million liability related to mortgage disclosure failures.

Adaptado por TudoAquiUSA

Fonte: Nbr

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ANZ Bank Faces Huge Loss After Court Ruling in Class Action Lawsuit

The High Court has ruled against ANZ Bank in a significant class action claim concerning its disclosure failures on mortgage lending. ANZ estimates a maximum liability of approximately $125 million as a result of the decision. The claim was filed in 2021 and relates to ANZ's loan disclosures made in 2015 and 2016. ANZ is currently considering the judgment and its next steps.

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