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14 Nov 2024 20:14
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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
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     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

    RUGBY RUGBY
    Former Kiwis coach Frank Endacott is adamant his South Island NRL bid is in the best position to join forces with another Christchurch-based proposal, in their pursuit to become New Zealand's second team More...


    BUSINESS BUSINESS
    New Zealand's on track to have two-percent inflation by year's end More...



     Today's News

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    Entertainment:
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    Law and Order:
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    Environment:
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    Entertainment:
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    Law and Order:
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    Entertainment:
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    Basketball:
    A pair of explosive scoring performances in the NBA 17:37


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