Consumer credit media releases

April 2017

Commerce Commission wins appeal in Budget Loans case

18 April 2017

The Commerce Commission has won its appeal against a District Court decision to dismiss 19 charges against two finance companies.

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Guilty pleas in Commission’s 12th mobile trader prosecution

13 April 2017

Truck shop operator Budget Warehouse Limited (Budget Warehouse) has pleaded guilty to 18 charges relating to its customer credit contract documents.

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Tax refund season – what consumers and tax agents need to know

7 April 2017

With the end of the financial year upon us, consumers may find a tax agent at their door or on the phone.

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March 2017

Rapid Loans to refund over $1 million in unreasonable fees

7 March 2017

Internet-based lender Rapid Loans NZ Limited has agreed to compensate borrowers approximately $1.4 million following a Commerce Commission investigation into unreasonable fees.

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First jail sentence in Commerce Commission case

3 March 2017

Vikram Mehta, owner of mobile trader Flexi Buy Limited (Flexi Buy), has today been sentenced in the Auckland District Court to two years imprisonment after taking money from customers without intending to supply goods as promised.

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February 2017

Judge criticises mobile trader for targeting the vulnerable

22 February 2017

Mobile trader Bestdeals 4 You Limited (Bestdeals) has been fined $47,250 in the Auckland District Court for failing to disclose key consumer information about its credit contracts and layby sales agreements.

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Commission files charges against Auckland mobile trader, Appenture Marketing

8 February 2017

The Commerce Commission has filed 24 charges against Appenture Marketing Ltd for failing to provide consumers with key contract information and for making false and misleading representations to consumers about their rights.

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January 2017

Mobile trader pleads guilty to disclosure failures in contracts

25 January 2017

Mobile trader Best Buy Limited (Best Buy) has pled guilty to 16 charges relating to the operation of its door-to-door sales business in Auckland and smaller North Island towns.

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