![Australia's ANZ to pay $28 million to settle consumer credit insurance lawsuit](https://i-invdn-com.investing.com/trkd-images/LYNXMPEIAC0AC_L.jpg)
© Reuters. FILE PHOTO: A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. Picture taken October 25, 2017. REUTERS/Steven Saphore/File Photo
(Reuters) – Australia and New Zealand Banking Group on Monday said it would contribute A$42 million ($28.10 million) to settle a class action lawsuit by law firm Slater & Gordon in 2020 over sale of three consumer credit insurance products.
($1 = 1.4948 Australian dollars)
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