This ANZ CCI class action is a legal proceeding against ANZ bank. It is alleged that ANZ and insurers engaged in unconscionable and misleading and deceptive conduct by selling worthless insurance products to their customers.
The class action alleges that ANZ customers who held consumer credit insurances for their ANZ credit cards or personal loans cause customers to make payments based on the belief they were compulsory or provided value; the respondent engaged in misleading and deceptive conduct; engaged in unconscionable conduct; and unlawfully provided personal advice to customers who purchased the policies.