The Fair Play on Fees group will hold a press conference at Auckland's Heritage Hotel today to announce the second bank it'll sue, on behalf of some of that bank's customers, over so-called exception fees.
The press conference will be held at 11am this morning.
"Fair Play on Fees invites you to join us at a press conference where the next bank to be taken to court for charging customers unfairly high exception bank fees will be announced. At the press conference the lead plaintiffs in the case will be available for interviews," the group says in a press release.
The group, including Australian law firm Slater & Gordon, litigation funder Litigation Lending Services, and New Zealand lawyer Andrew Hooker, has already launched a case against ANZ, which ANZ is defending. It has also promised to take cases against ASB, BNZ, Kiwibank and Westpac.
The group alleges the following fees charged by banks over the last six years are unenforceable penalties which should be returned to participating customers:· Unarranged overdraft fees;· Dishonour fees;· Credit card late payment fees;· Credit card over limit fees. Fair Play on Fees stands to pocket 25% of any money it wins for bank customers.