Ace Marketing Limited
Ace Marketing Limited was ordered to pay a penalty of $150,000 following admissions it had breached ss 17, 32(1)(c) and 41 of the CCCFA for failing to provide adequate disclosure and for charging unreasonable credit fees. Ace Marketing also admitted to breaching s 13(i) of the FT Act for misleading borrowers about their rights.
Case Details
Parties
Ace Marketing Limited
Category
Consumer
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 17, 32(1)(c), 41, Fair Trading Act 1986 13(i)
Industry
Financial and insurance services
Status
Closed
Outcome
Judgment
Case Number
Date opened
29 September 2016
Date closed
29 September 2016
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