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 41
Industry
Financial and insurance services
Status
Closed
Outcome
Judgment
Case Number
Date opened
23 June 2017
Date closed
23 June 2017
Contact person