Investment Bureau Limited has been warned by the Commerce Commission for likely breaches of the Credit Contracts and Consumer Finance Act 2003 in relation to responsible lending (section 9C), disclosure obligations (sections 17 and 24), and enforcing its right in relation to costs of borrowing while not being registered as a Financial Services Provider (section 99B). Additionally, Investment Bureau Limited has likely breached section 13 of the Fair Trading Act 1986 by misrepresenting its right to recover money to which it was not entitled.
PartiesInvestment Bureau Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act ss 9C, 17, 24, 99B; Fair Trading Act s 13
