Southern Cross Finance Limited
In a settlement with the Commerce Commission, Southern Cross Finance Limited has admitted charging unreasonable loan establishment fees and will refund just under $700,000 to 250 customers it overcharged between July 2006 and October 2009.
Case Details
Parties
Southern Cross Finance Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 41, 42
Industry
Financial and insurance services
Status
Closed
Outcome
Settlement
Case Number
Date opened
11 February 2010
Date closed
11 February 2010
Contact person