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Consumer Credit Media Releases

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December 2008

Commerce Commission urges shoppers to be savvy this Christmas

10 December 2008

As the pre-Christmas shopping season gathers momentum the Commerce Commission is issuing a timely reminder to consumers of their rights under the Fair Trading Act and Credit Contracts and Consumer Finance Act (CCCF Act).

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July 2008

Equality Finance admits charging unreasonable credit fees

10 July 2008

In an out of court settlement with the Commerce Commission, Auckland based motor vehicle finance company Equality Finance Limited is to refund around 1,400 affected customers a total of approximately $720,000.

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Commerce Commission appeals Avanti Finance decision

3 July 2008

The Commerce Commission is appealing a recent Auckland District Court decision in which Avanti Finance was found not guilty of breaching the Credit Contracts and Consumer Finance Act (CCCF Act).

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June 2008

Geneva Finance refunds customers after Commerce Commission investigation

19 June 2008

Customers of Geneva Finance Limited have received more than $500,000 in refunds, following an out-of-court settlement with the Commerce Commission.

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March 2008

Finance firm fined over credit contracts

20 March 2008

A consumer finance company which lends almost exclusively to the Tongan community has been fined $37,480, in the Manukau District Court for breaches of the Credit Contracts and Consumer Finance Act (CCCF Act) and Fair Trading Act.

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February 2008

Finance company to refund 1200 customers

15 February 2008

Allied Nationwide Finance Limited has agreed to refund more than 1200 customers after they were charged an unreasonable fee for repaying their loans early.

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