December 2006
Car finance provider to refund $12,000
21 December 2006
An Auckland company that provides finance to car buyers, Falcon Advances Limited, will refund over $12,000 to 143 customers who bought vehicles from Auckland car yards between April 2005 and February 2006.Relates to: Fair Trading, Consumer Credit
November 2006
Successful first prosecution under CCCF Act
15 November 2006
In the first prosecution under the Credit Contracts and Consumer Finance Act, Senate Finance Limited, which provides finance to the customers of car dealers, has been fined $59,000 for giving customers terms and conditions they could not read. Seventeen affected customers were also awarded a total of $13,700 in statutory damages.Relates to: Fair Trading, Consumer Credit
September 2006
Councils need to consider credit legislation
11 September 2006
The Commerce Commission is advising local government organisations to be aware of inadvertently breaching the Credit Contracts and Consumer Finance Act 2003 when asking ratepayers to pay for infrastructure improvements.Relates to: Consumer Credit
