Articles tagged with 'commerce commission'
Moola pinged for cartel behaviour
21 December 2021 - The on-line money lender Moola has been pinged for operating as a cartel.
TSB looks to have avoided Kiwibank's rate promise problems
29 October 2021 - TSB appears to have sidestepped any legal pitfalls in its so-called 'rate beat’ offer on home loans.
Council of Financial Regulators website goes live
21 July 2021 - The Council of Financial Regulators (CoFR) – Kaunihera Kaiwhakarite Ahumoni – has created a new website.
ASB repays $9m over break-fee blunder
17 June 2021 - ASB has been censured by the Commerce Commission after over-charging break-fees to home loan customers.
BNZ warned over responsible lending failings
2 December 2020 - The Commerce Commission has warned BNZ over "likely" responsible lending breaches, and failures to give borrowers timely and accurate information.
Real estate price-fixing saga ends with big penalty
10 September 2020 - Price-fixing is in the spotlight, once again, after the Auckland High Court ordered two Hamilton real estate agencies to pay $4 million for engaging in it.
Online rent talk attracts ComCom attention
31 August 2020 - Think it’s okay to post about increasing rents on social media? Well, think again. That’s the warning contained in a Commerce Commission letter sent to property investor representatives last week.
Supreme Court dismisses price-fixing appeal
2 April 2020 - Two Hamilton real estate agencies have lost their long-running battle with the Commerce Commission over allegations of price-fixing.
Bachcare convicted of misleading consumers
20 December 2019 - Misleading consumers – via the editing and withholding of online reviews - has earned holiday rental accommodation company Bachcare a conviction and a hefty fine.
ComCom warning for property trader
15 November 2019 - A property trader, who has attracted unfavourable media attention in recent years, has received a formal warning from the Commerce Commission.
Price fixing earns Ronovationz $400k penalty
18 September 2019 - Property investment guru, Ron Hoy Fong’s, company has been handed down a $400,000 penalty by the High Court after admitting to price fixing in Auckland’s real estate market.
Ronovationz faces $400k fine for price fixing
9 September 2019 - “Super” investor Ron Hoy Fong’s property coaching company, Ronovation Ltd, is staring down the barrel of a hefty $400,000 fine for price fixing.
Comcom loses bid to derail Harmoney appeal
19 August 2019 - The Commerce Commission has lost a bid to thwart peer-to-peer lender Harmoney’s appeal against regulatory proceedings.
Bachcare charged with misleading consumers
16 July 2019 - The Commerce Commission alleges the online holiday rental booking platform has manipulated online user reviews it has received.
ComCom takes Ronovationz to court
8 July 2019 - Property investment guru Ron Hoy Fong’s company is being prosecuted by the Commerce Commission over allegations of price fixing.
Commerce Commission investigates BNZ
27 May 2019 - The Commerce Commission has launched an investigation into BNZ over the bank's compliance with the Credit Contracts and Consumer Finance Act.
Court of Appeal rules against price fixers
23 November 2018 - The Court of Appeal has found in favour of the Commerce Commission in a long-running price-fixing saga involving two Hamilton real estate agencies.
100,000 ANZ customers under-charged interest
9 May 2018 - A faulty loan calculator used by ANZ three years ago caused 100,000 customers to be under-charged interest on home, personal, and commercial loans, it has emerged.
Refund for TSB break fees miscalculation customers
14 December 2017 - TSB Bank will repay about 2,800 customers who were inadvertently overcharged for terminating their fixed-term lending agreements.
Commerce Commission: No issues for Sovereign
26 October 2017 - The Commerce Commission has signalled it sees no problems with AIA’s move to buy Sovereign in New Zealand.
$5.4m Ponzi admitted
6 September 2017 - New Zealand investors have lost $5.4 million in another Ponzi scheme.
Financial Advice NZ set for take-off
3 August 2017 - Financial Advice NZ's working group has revealed the board who will lead it through the establishment phase.