May 2007
SkyBiz pyramid scheme victims repaid today
22 May 2007
New Zealand victims of a global pyramid scheme are today being sent their compensation from a U.S. $20 million fund set up to compensate victims worldwide.Relates to: Fair Trading
Kiwibank pleads guilty over credit card fees
16 May 2007
Kiwibank has become the fifth major bank to plead guilty to breaching the Fair Trading Act by failing to properly disclose currency conversion fees paid by its MasterCard cardholders. Customers paid fees of 2.6% of the total transaction.Relates to: Fair Trading, Consumer Credit
Commission alleges global cartel affected NZ electricity industry
16 May 2007
The High Court has granted the Commerce Commission leave to serve proceedings against three European companies for an alleged global cartel that affected the New Zealand electricity industry.Relates to: Fair Trading, Electricity
Nelson car dealer fined $15,000 for misleading car sales
7 May 2007
Nelson based The Car Company Limited has been fined $15,000 for five offences under the Fair Trading Act.Relates to: Fair Trading
