Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Fair Play on Fees Hits 11,000 Registrations

Fair Play on Fees Hits 11,000 Registrations

Fair Play on Fees has had an overwhelming response to its class action campaign against banks with more than 11,000 Kiwis’ registering since the campaign launched yesterday.

Within the first seven hours of the Fair Play website launching, more than 7000 people had registered at a rate of 1,000 per hour. New Zealanders are signing up more rapidly than the rate Australians signed up to a similar class action campaign launched in Australia (per capita basis). In the first 24 hours of that campaign 22,000 Australians had registered.

Fair Play on Fees lawyer Andrew Hooker says he did not anticipate such a phenomenal response from the public. “We now expect the website to register more than 20,000 in the first 48 hours of the campaign. We didn’t expect these numbers on the back of the Australian experience. We are very confident that on the back of these numbers we will be able to file court documents within weeks.”

Kim Barron, a Kiwi who has been overcharged several times in default fees, says the class action couldn’t come soon enough. “I’ve been hit several times with these fees. A little warning from them would be nice. It is a bit stiff when they take money off you when it’s an honest mistake.”

The campaign’s Facebook site has been inundated with comments endorsing the campaign. “We have asked Kiwi’s if they want to take the banks on. They have come back with an overwhelming yes.”

Fair Play on Fees yesterday launched a call for New Zealanders to sign up and participate in class actions to claim back excessive bank default fees. Default fees occur when banks charge an average $15 fee for going into overdraft, bouncing a cheque or paying a credit card late.

The legal action is being led by New Zealand lawyer Andrew Hooker, Australian class action experts Slater & Gordon and litigation funder Litigation Lending Services (NZ).

New Zealanders can join the action against unfair bank fees by registering at www.fairplayonfees.co.nz.
END

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news