Business Premium Aotea Finance agrees to refund borrowers $2.7m Settlement agreement follows on from last year's $48,750 court fine. Reweti Kohere Wed, 17 Jul 2019 BusinessAotea FinanceCommerce CommissionCredit Contracts and Consumer Finance ActTerry Cooke
Business Premium West Auckland firm fined over loans to vulnerable borrowers Sentence follows first Commerce Commission prosecution under new law Tim Hunter Wed, 31 Oct 2018 Aotea FinanceTerry CookeCommerce CommissionCredit Contracts and Consumer Finance Act
Premium Editor's Insight: Eight big companies are learning how to treat their customers better The Commerce Commission's latest annual report on consumer issues names the big offenders. Nevil Gibson discusses his latest Editor's Insight on NBR Radio and on demand on MyNBR Radio. Thu, 24 Sep 2015 Editor's InsightCommerce CommissionFair Trading ActCredit Contracts and Consumer Finance Actcommerce act
Interest rates on personal loans may be capped - Power Capping interest rates and fees on personal loans has not been ruled out by Commerce Minister Simon Power. NBR Contributor Thu, 11 Aug 2011 PoliticsSimon PowerCredit Contracts and Consumer Finance Actfinancial summitthird-tier lenders
Law offers quake-hit debtors hardship relief Consumers struggling with loan repayments as a result of the Canterbury earthquake may be able to use a consumer law to get financial relief from “unforeseen hardship”.“Under the Credit Contracts and Consumer Finance Act, in certain circumstances debtors have the right to ask for a variation of their repayment obligations under a consumer credit contract on the grounds of hardship,” said Graham Gill, Commerce Commission enforcement branch manager. NBR Contributor Mon, 15 Nov 2010 PoliticsCommerce CommissionFair Trading ActCredit Contracts and Consumer Finance ActGraham Gill
Premium Taxpayers up for huge costs if ComCom loses court battle More co-operation is needed in the Commerce Commission's latest finance fee case or both sides could rack up huge legal bills, a High Court judge has warned.As reported this week by NBR online, the commission is taking a civil case against specialist lender Bluestone Mortgages under the Credit Contracts and Consumer Finance Act, which came into force in 2005.It has taken the case on behalf of borrowers, claiming that a fee the lender charges for early repayment of loans is “unreasonable.” NBR Contributor Thu, 12 Aug 2010 BusinessFinanceCommerce Commissionlaw and courtsJustice John PriestleyBluestone MortgagesCredit Contracts and Consumer Finance Act
