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flag ANZ Bank in New Zealand pays $3.25 million for overcharging customers and misleading claims on mortgages.

flag New Zealand's ANZ bank admitted to overcharging customers and making false claims about mortgage incentives, leading to a $3.25 million payment to the government. flag The Financial Markets Authority found ANZ breached fair dealing laws by incorrectly applying fees to overdrafts and reclaiming mortgage incentives improperly. flag ANZ has compensated affected customers and committed to better practices.

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