Tiny Loans Limited has been warned by the Commission for likely breaches of several of its obligations under the Credit Contracts and Consumer Finance Act 2003, being: prohibition on lending to repeat borrowers (sections 45F and 45G), unreasonable default fees (sections 45J and 41), and initial disclosure (s17).
PartiesTiny Loans Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act ss 17, 41, 45F, 45G, 45J
