Acute Finance Limited
Acute Finance Limited was fined $22,000 after pleading guilty to four charges of breaching s41 of the Credit Contracts and Consumer Finance Act 2003 by charging a fee for its repayment waiver that exceeded its reasonable costs.
Case Details
Parties
Acute Finance Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 s 41
Industry
Financial and insurance services
Status
Closed
Outcome
Judgment
Case number
Date opened
23 June 2017
Date closed
23 June 2017
Contact person