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

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news