Consumer Credit Media Releases

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.

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Relates to: Fair Trading, Consumer Credit