December 2011
Second electricity company to refund customers after Fair Trading Act breaches
20 December 2011
A second electricity company this year has admitted breaching the Fair Trading Act and will refund customers who weren't given a prompt payment discount with their final bills.
Relates to: Fair Trading
Mobile monitoring report shows continuation of early trends
20 December 2011
The Commerce Commission's second mobile monitoring report released today shows a continued narrowing of the difference between the costs of on-net and off-net calls and text messages. This has resulted in an increase in calling and text messaging between mobile networks.
Relates to: Fair Trading
GE Money settles with Commerce Commission on Fair Trading Act breach
19 December 2011
A settlement between the Commerce Commission and GE Money today will result in GE Money paying a $60,000 donation to the New Zealand Federation of Family Budgeting Services after admitting it breached the Fair Trading Act.
Relates to: Fair Trading
"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
