Updates and media releases

Hamilton finance company warned over car loan and repossession

The Commerce Commission has warned Hamilton-based WeCare Finance Limited that, in the Commission’s view, it likely breached the lender responsibility principles of the Credit Contracts and Consumer Finance Act 2003 (CCCFA) by failing to make reasonable enquiries about whether a borrower could repay a loan and in unreasonably repossessing a motor vehicle. Read more
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