Ferratum New Zealand Limited

High-cost lender Ferratum New Zealand Limited has admitted breaching the responsible lending provisions of the Credit Contracts and Consumer Finance Act 2003 (CCCF Act) and has signed Court-enforceable undertakings around its lending and advertising practices. In a settlement with the Commerce Commission, Ferratum has also repaid the cost of borrowing for 46 named borrowers, totalling $88,173.00.
  • 06 May 2020
  • 30 May 2018


    Charges filed