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14 Nov 2024 13:55
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  •   Home > News > Business

    A lender's been fined 200-thousand-dollars in the High Court at Christchurch for charging up to 182-percent interest on loans

    A lender's been fined 200-thousand-dollars in the High Court at Christchurch for charging up to 182-percent interest on loans


    Eagle MAN's been ordered to pay the fine for providing high-cost loans which breached the Credit Contracts and Consumer Finance Act.

    Commerce Commission Deputy Chair Anne Callinan says most of the company's loans were to consumers who were financially strained, recent immigrants, or on temporary work visas.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Law and Order:
    An electrician accidentally responsible for a builder's death - has had his licence suspended for two years 13:47

    Entertainment:
    Megan Fox is pregnant 13:32

    Law and Order:
    The Police watchdog's found Police were justified in fatally shooting a man in Lower Hutt's Wainuiomata in November last year 13:27

    Business:
    Nationalism is surging – changing the way companies do business overseas 13:07

    International:
    National Geographic scientists discover 'world's largest' coral on expedition to Solomon Islands 13:07

    Business:
    Food price inflation is continuing to ease, although some items are getting more expensive 13:07

    Entertainment:
    David Duchovny and Gillian Anderson didn't "speak to each other for weeks at a time" when they worked on 'The X Files' 13:02

    Health & Safety:
    Canterbury University is vowing to ensure student care is up to scratch - after an outbreak of gastro illness in university halls, affecting more than 100 12:57

    Entertainment:
    Ariana Grande has been "an incredible support system" for Normani 12:32

    Entertainment:
    Sarah Paulson has loved working with Kim Kardashian on 'All's Fair' 12:02


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