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14 Nov 2024 14:50
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  •   Home > News > Politics

    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

     Other Politics News
     14 Nov: Former US ambassador accuses Sky News of creating a ‘self-licking ice cream’ to attack Kevin Rudd
     14 Nov: The NZ government’s plan to withhold COVID inquiry findings until 2026 leaves the country ill-prepared for the next pandemic
     14 Nov: One NZ's promising to "vigorously defend" itself in new court action, over claims its new Space X service will provide "100-percent coverage"
     14 Nov: Confidence Canterbury University will be able to cope with the growing number of students coming to study each year
     14 Nov: A gaming machine lobby group is pleased about a government move to bring online operators into line
     13 Nov: Legitimacy of two Victorian local government elections in question after duplicate votes detected
     13 Nov: The Media and Communications Minister is dampening down speculation - over a delay to the Fair Digital News Bargaining Bill
     Top Stories

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    New Zealand Rugby are keeping open a gap down the blindside for a future Super draft, but the prospect is unlikely for now More...


    BUSINESS BUSINESS
    Nationalism is surging – changing the way companies do business overseas More...



     Today's News

    Auckland:
    A person's died after their tractor rolled down a bank on a rural farm south of Auckland 14:37

    Entertainment:
    Brittany Cartwright doesn't regret having a fling with one of Jax Taylor's friends 14:32

    Politics:
    Former US ambassador accuses Sky News of creating a ‘self-licking ice cream’ to attack Kevin Rudd 14:17

    Health & Safety:
    How the return of US President Donald Trump could limit access to abortion in the Asia Pacific 14:17

    Law and Order:
    The Police dive squad is searching reservoirs - as they hunt a 77-year-old last missing from Porirua since Sunday 14:07

    Entertainment:
    Katherine Schwarzenegger and Chris Pratt have welcomed their third baby together 14:02

    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


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