Commerce Commission welcomes penalties against third tier lender

A third-tier lender who breached a number of provisions of the Credit Contracts and Consumer Finance Act (CCCF Act) has been sentenced today in the Christchurch District Court.

Mr Hunt was prosecuted by the Commerce Commission in relation to 15 loan contracts he entered into between September 2006 and August 2007 with 11 different debtors. The contracts did not meet crucial conditions under the CCCF Act ... READ MORE

Released by the Commerce Commission - 28 June 2012