December 2011
"Outrageous" conduct leads to indefinite banning order for lender
6 December 2011
The Commerce Commission has welcomed a banning order, the first of its kind issued under the Credit Contracts and Consumer Finance Act, which indefinitely prevents bankrupt and convicted fraudster Trevor Allan Ludlow from setting up, operating or working in the consumer finance industry.
Relates to: Fair Trading, Consumer Credit
October 2011
Poor lending practices cost Auckland finance company over $55,000
3 October 2011
The Commerce Commission is urging lower-tier lenders to get up to speed with consumer law after an Auckland-based finance company and its director were fined a total of $55,475 in the Auckland District Court on Thursday.
Relates to: Fair Trading, Consumer Credit
August 2011
Gyms told to shape up over members contracts
1 August 2011
The gym industry is being advised by the Commerce Commission that many gyms may be breaking consumer credit law when customers pay for membership by instalments.
Relates to: Fair Trading, Consumer Credit
February 2011
Southern Cross Finance to refund almost $700,000 in unreasonable loan establishment fees
3 February 2011
In a settlement with the Commerce Commission, Southern Cross Finance Limited has admitted charging unreasonable loan establishment fees and will refund just under $700,000 to 250 customers it overcharged between July 2006 and October 2009.
Relates to: Consumer Credit
