Acorn Finance 2012 Limited
The Commission has warned Acorn Finance 2012 Limited for likely breaches of ss 45H (rate of charge cap), 45F and 45G (prohibition on lending to repeat borrowers) and 17 (initial disclosure) of the Credit Contracts and Consumer Finance Act for failing to comply with some of the high cost rules and include all of the required key loan information in its disclosure documents.
Case Details
Parties
Acorn Finance 2012 Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 17, 45H, 45F, 45G
Industry
Financial and insurance services
Status
Closed
Outcome
Warning letter
Case Number
Date opened
15 January 2021
Date closed
08 February 2022
Contact person