Westpac NZ fined $3.64 million for breaching lending laws
Friday 28 November 2025 · 2 outlets · 2 reports · updated In this story High Court, Commerce Commission, Westpac
The Auckland High Court has fined Westpac NZ $3.64 million for systemic failures regarding responsible lending laws. These breaches resulted in thousands of customers missing key loan information and agreed interest rate discounts. This penalty is the largest ever imposed under the Credit Contracts and Consumer Finance Act.
