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 s 9C(2)(a)(iii)
Industry
Financial and insurance services
Status
Closed
Outcome
Out-of-court settlement
Case number
Date opened
05 March 2020
Date closed
27 August 2020
Contact person