Media releases

Media releases from the Commerce Commission.

Showing 21 to 30 of 3,523 results

10 Mar 2021

Lenders and mobile traders must be certified to operate from 1 October

From 1 October 2021 lenders providing consumer credit and mobile traders selling on credit must be certified by the Commerce Commission or face penalties, unless they are licensed or registered by the Financial Markets Authority or Reserve Bank of New Zealand.
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9 Mar 2021

Telcos step up to support consumer choice

New Zealand’s three main mobile operators have agreed to provide more information and tools to support consumer choice.
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5 Mar 2021

Commission seeks feedback on due diligence guidance

The Commerce Commission is seeking feedback on draft guidance for directors and senior managers of consumer credit providers and mobile traders on how to comply with the due diligence duty.
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3 Mar 2021

Online lender Moola in $2.8m settlement with Commission over fees

High cost short term lender Moola.co.nz Limited (trading as Moola) has agreed a settlement with the Commerce Commission where it is required to credit or refund approximately $2.8 million to current and former borrowers, after acknowledging the Commission’s view that it charged unreasonable credit and default fees.
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26 Feb 2021

Statement of Preliminary Issues released for Taranaki By-Products’ application to increase its shareholdings in Lowe joint ventures

The Commerce Commission has published a statement of preliminary issues relating to the clearance application from Taranaki By-Products Limited for it, or a related company, to increase its shareholdings in three joint ventures with the Lowe Corporation.
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25 Feb 2021

$400,000 fine for 'carefully crafted' Home Funding Group scheme

A company which falsely claimed to offer a savings scheme to assist low-income families buy a home has been fined $400,000 following a Commerce Commission investigation.
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24 Feb 2021

Auckland Council warned over lending failures

Auckland Council has been warned by the Commerce Commission for potential breaches of the Credit Contracts and Consumer Finance Act (CCCF Act) in relation to its Retrofit Your Home Programme (RYH Programme).
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18 Feb 2021

Trade Me seeks clearance to acquire homes.co.nz

The Commerce Commission has received a clearance application from Trade Me Limited seeking clearance to acquire 100% of the shares or assets of PropertyNZ Limited, which owns and operates the homes.co.nz website.
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12 Feb 2021

Consultation open on Chorus’ proposal to spend $1.6 billion during first period of new fibre regulatory regime

The Commerce Commission is consulting on Chorus’ proposal to spend $1.6 billion over the first three years of the new fibre regulatory regime.
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11 Feb 2021

Taranaki By-Products seeks clearance to increase shareholdings in Lowe joint ventures

The Commerce Commission has received a clearance application from Taranaki By-Products Limited for it, or a related company, to increase shareholdings in three joint ventures with Lowe Corporation.
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