Consumer credit media releases

June 2018

Christchurch vehicle financier warned over concerns about agent’s lending conduct

11 June 2018

The Commission has issued a warning to Dealer Finance Limited (DFL), a Christchurch-based motor vehicle finance lender, after an investigation into its compliance with obligations under the lender responsibility principles under the Credit Contracts and Consumer Finance Act 2003 (CCCF Act).

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Commission alleges irresponsible lending by payday lender Ferratum

1 June 2018

The Commerce Commission has commenced High Court proceedings against payday lender Ferratum New Zealand Limited (Ferratum) under the Credit Contracts and Consumer Finance Act 2003 (CCCFA) over alleged breaches of the lender responsibility principles.

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