Today more than 368,000 Australians will receive notice from federal court stating that they may be eligible to be part of Slater and Gordon consumer credit class action against Westpac
Slater and Gordon represent hundreds of thousands of Westpac customers who have been sold with an unsolicited credit card and personal loan insurance that was of little or no value, and many clients were not eligible to claim
Insurance was often sold to persons with disabilities, unemployed people, or chronically ill persons and thus likely ineligible to claim the class-action lawsuit alleges that many people were driven to believe that insurance was compulsory or free, while not knowing Others have sold it
The class action lawsuit, issued after establishing the Royal Banking Commission, is based on allegations that Westpac engaged in unreasonable behavior and misleading or deceptive behavior
It comes as Slater and Gordon settled a similar class-action lawsuit in late 2019 that also alleged NAB clients had misrepresented their personal loans and credit card insurance, which saw a compensation of 50000 NAB Clients with $ 49 5 Million
Andrew Powell, Head of the Slater & Gordon Practice Group, said: “Today, 368,000 customers identified in the Westpac database will receive a notice informing them of the class action, and that Westpac is accused of violating the law”
“The notice will contain personal information about the recipient, confirmation of the products they own, and when they were purchased,” said Mr. Powell.
« We urge anyone who has purchased a credit card or personal loan insurance from Westpac to follow this notice and participate in a class action »
Mr. Paul said the letter would also give clients the option to opt out of the class action suit, should they wish to do so.
“The Royal Banking Commission disclosed the blatant misconduct of major banks, which resulted in extracting the confidence of unsuspecting customers. We hope that this class action lawsuit will recover the money taken from them when pressured to buy worthless products.”
Similar notices are expected to be sent to the ongoing collective action between ANZ and the Commonwealth Bank on insurance against unwanted risks in the coming months
Westpac, Insurance, Royal Commission on Misconduct in the Banking, Retirement and Financial Services Industry, National Australia Bank
World News – Australia – 368,000 Westpac customers have submitted an insurance notice with court order RAWAG
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