Consumer credit media releases

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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