Ace Marketing Limited was ordered to pay a penalty of $150,000 following admissions it had breached ss 17, 32(1)(c) and 41 of the CCCFA for failing to provide adequate disclosure and for charging unreasonable credit fees. Ace Marketing also admitted to breaching s 13(i) of the FT Act for misleading borrowers about their rights.
PartiesAce Marketing Limited
Category
Consumer, Consumer credit
Sub-category
Act/Section
Fair Trading Act s 13(i); Credit Contracts and Consumer Finance Act ss 17, 32(1)(c), 41
