August 2016
Energy retail contracts reviewed by Commission for unfair terms
30 August 2016
As part of an ongoing review of standard form consumer contracts, the Commerce Commission has released a report detailing its findings in the energy retail sector.
Relates to: Fair Trading, Consumer Credit
Commission asks the Court to clarify how credit law applies to Harmoney
29 August 2016
The Commerce Commission has filed civil proceedings in the Auckland High Court asking the Court questions about how the Credit Contract and Consumer Finance Act 2003 (CCCFA) applies to consumer loans entered into with peer-to-peer lender Harmoney Limited.
Relates to: Consumer Credit
$1.5 million in fees and interest returned to borrowers after insufficient disclosure
24 August 2016
Lenders Adelphi Finance Ltd and Shaw Personal Finance Ltd have refunded customers or reduced customer account balances by over $1.4 million and $100,000 respectively after the Commission warned they were likely to have breached consumer credit laws.
Relates to: Consumer Credit
Commission files charges against Auckland mobile trader, Zee Shop
23 August 2016
Mobile trader Zee Shop Limited (Zee Shop) appeared in the Auckland District Court today in relation to 15 charges brought by the Commerce Commission relating to its lending practices.
Relates to: Consumer Credit
Acute Finance charged over unreasonable fees and repayment waiver
18 August 2016
Acute Finance Limited (Acute) has pleaded not guilty to five charges brought by the Commerce Commission under the Credit Contract and Consumer Finance Act 2003 (CCCFA) about its credit fees and its repayment waiver.
Relates to: Consumer Credit
Commission files charges against Harmoney over marketing campaign
1 August 2016
The Commerce Commission has filed Fair Trading Act charges in the Auckland District Court against peer-to-peer lender Harmoney alleging it misled consumers into believing they had been pre-approved for a personal loan.
Relates to: Fair Trading, Consumer Credit
