\u201cDidn\u2019t even know this was going on, thought someone accidentally put it in my account.\u201d<\/p>\n
Several others wrote about receiving the payment.<\/p>\n
\u201cJust found this thread searching to confirm that the $571 in my account is, in fact, from that class action and not a bank error or something. An email giving us a heads up would be nice, but I\u2019m not going to complain too loudly!\u201d<\/p>\n
ANZ was also the target of a class action lawsuit alongside ASB in 2021, with ASB settling in October and ANZ continuing to fight. Photo \/ Alex Burton \/ Portable Images<\/p>\n
ASB agreed in October to pay $135.6m to settle the class action<\/a>, subject to approval from the High Court.<\/p>\n The Australian-owned bank settled after four years of court action over allegations ASB failed to provide compliant written disclosure of loan variations to a significant number of customers.<\/p>\n The affected customers had requested changes to their lending arrangements between June 6, 2015, and June 18, 2019.<\/p>\n As part of the settlement, ASB made no admission of liability or wrongdoing.<\/p>\n The settlement divided those eligible for payments into two groups, an ASB spokeswoman said this morning.<\/p>\n \u201cWe began making payments and communicating this in February. We expect this process to be completed by November this year, depending on our ability to contact class members. <\/p>\n \u201cIn the meantime, there is nothing customers need to do.\u201d<\/p>\n ASB chief executive Vittoria Shortt said in October the settlement was a \u201cpragmatic way to settle this matter\u201d. <\/p>\n Scott Russell, the lawyer representing the ASB plaintiffs, said at the same time the settlement provided \u201ccertainty, avoiding what would otherwise be a very long and expensive fight through the courts\u201d.<\/p>\n