Cash to You Loans Limited was fined $28,000 after pleading guilty to eight charges under the Credit Contracts and Consumer Finance Act 2003 relating to failing to provide key information to borrowers before they entered into consumer credit contracts and failing to provide information clearly and concisely, overcharging interest and charging an unreasonable repayment waiver fee. The company was also banned indefinitely from providing credit under s108.
PartiesCash To You Loans Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act ss 17, 32, 39, 41
