Aotea Finance Limited, Aotea Finance (Manukau) Limited, Aotea Finance (Panmure) Limited and Aotea Finance (West Auckland) Limited
The Aotea Finance group of companies has agreed to make payments totalling $2.8 million (less $107,000 already paid) to current and former affected borrowers in relation to 14,442 loan contracts, following a settlement with the Commission. Aotea Finance failed to disclose all key information required under the CCCFA.
PartiesAotea Finance Limited, Aotea Finance (Manukau) Limited, Aotea Finance (Panmure) Limited and Aotea Finance (West Auckland) Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act s 17