Kiwibank Limited
Kiwibank Limited has signed a settlement agreement with the Commerce Commission admitting a breach of its responsible lending obligations and has agreed to pay customers $5.2 million.
Case Details
Parties
Kiwibank Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 9C(2)(a)(iii)
Industry
Financial and insurance services
Status
Closed
Outcome
Settlement
Case Number
Date opened
05 March 2020
Date closed
27 August 2020
Contact person