Consumer credit media releases

November 2016

Mobile trader owner found guilty after not supplying customers’ goods

29 November 2016

Flexi Buy Limited owner Vikram Mehta has been found guilty under the Crimes Act 1961 of being a party to obtaining money by deception, by making false representations to customers.

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Payday lender Twenty Fifty Club fined $76K and director banned indefinitely

28 November 2016

South Auckland payday lender Twenty Fifty Club Limited and its sole director Gavin Marsich have been fined a total of $76,000 and Mr Marsich has been banned indefinitely from carrying out any further consumer lending.

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Retirement villages urged to check their credit law compliance

21 November 2016

The Commerce Commission is reminding retirement villages to ensure their consumer credit contracts and lending practices comply with the law

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