May 2016
Napier lender, Cash to You Loans, appears in court
23 May 2016
Lower-tier finance company, Cash to You Loans Limited, has appeared in the Napier District Court on 32 charges brought by the Commerce Commission relating to its lending business.
Relates to: Consumer Credit
Supreme Court backs Commission in significant credit law case
12 May 2016
The Supreme Court has dismissed Motor Trade Finance Limited (MTF) and Sportzone Motorcycles Limited’s second and final appeal in the long-running credit fees case brought by the Commerce Commission, providing the definitive ruling on a key piece of credit law.
Relates to: Consumer Credit
Lenders must repay all fees and interest if they don’t comply with disclosure rules
4 May 2016
The Commerce Commission is reminding lenders that failing to disclose key information to borrowers in their consumer credit contracts could result in the repayment of all fees and interest on each loan for the period until disclosure is corrected.
Relates to: Consumer Credit
