ASB Bank Limited (ASB)
The Commission has warned ASB Bank Limited (ASB) over responsible lending failures which resulted in borrowers being overcharged Early Repayment Adjustment (ERA) fees.
Case Details
Parties
ASB Bank Limited (ASB)
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 9C(2)(a)(iii), Fair Trading Act 1986 13(i)
Industry
Financial and insurance services
Status
Closed
Outcome
Case Number
Date opened
18 February 2019
Date closed
17 June 2021
Contact person