Financial Holdings Limited (FHL) has been warned by the Commerce Commission that its repossession documentation and post-repossession charges likely breached the Fair Trading Act 1986 (FT Act) and Credit Contracts and Consumer Finance Act 2003 (CCCF Act).
PartiesFinancial Holdings Limited
Category
Consumer credit
Sub-category
Act/Section
Fair Trading Act s 13(i); Credit Contracts and Consumer Finance Act ss 83G, 83V, 83ZI, 83ZM