Finance 4U Limited; Director of Finance 4U Limited

The Commerce Commission has accepted court enforceable undertakings from Finance 4U that it breached the Credit Contracts and Consumer Finance Act 2003. Finance 4U and its director have agreed to remediate all affected borrowers. The Commission has also accepted enforceable undertakings from Finance 4U and its director that they will not offer credit to any person(s) under consumer credit contracts from the date of the undertakings.

Case Details

Parties
Finance 4U Limited; Director of Finance 4U Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 70(2), 9CA, 9C(2)(a)(ii), 9C(3)(a)(ii), 41, 59B
Industry
Financial and insurance services
Status
Closed
Outcome
Enforceable undertakings
Case Number
PRJ0047779
Date opened
05 November 2024
Date closed
21 August 2025
Contact person
Carolyn Richardson, carolyn.richardson@comcom.govt.nz