Linsa Finance Limited
The Commerce Commission has settled with Linsa Finance Limited. The Commission has discontinued its High Court proceeding and Linsa Finance has agreed to make payments totalling $350,000 to current and former affected borrowers in relation to 1,721 loan contracts. Linsa Finance failed to disclose all the key information required under the CCCFA.
Case Details
Parties
Linsa Finance Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 17
Industry
Financial and insurance services
Status
Closed
Outcome
Settlement
Case Number
Date opened
08 March 2017
Date closed
22 August 2019
Contact person