News | Christchurch
26 Dec 2024 23:50
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  •   Home > News > National > Christchurch

    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 Christchurch News
     26 Dec: Disappointing news for Christchurch swimmers, with high levels of faecal bacteria discovered in Lake Rua
     25 Dec: Holiday greetings from Christchurch's Mayor, to those in the Garden City
     23 Dec: Canterbury wicketkeeper Mitch Hay has been given a big opportunity to press his claims for a spot in New Zealand's ODI team for next year's Champions Trophy in the UAE
     23 Dec: An Air New Zealand flight from Christchurch to Auckland has been forced to turn around due to a hydraulic system issue identified shortly after takeoff
     23 Dec: Fires are now banned throughout Canterbury, until further notice
     21 Dec: The woman and her two children reported missing earlier today in Christchurch have been found and are safe
     21 Dec: More Severe Thunderstorm warnings as parts of the country are battered by heavy rain
     Top Stories

    RUGBY RUGBY
    A return to a Kiwi Christmas of sorts for new Crusader James O'Connor More...


    BUSINESS BUSINESS
    Kiwis have held a tighter grip on the purse strings this Christmas More...



     Today's News

    Accident and Emergency:
    Two boaties had to be winched from a Fiordland river after a Christmas Day boat ride almost turned deadly 21:57

    Accident and Emergency:
    The search for a man who swam away from police during a chase in the Bay of Plenty has been stood down for the night 21:17

    Boxing:
    Prayers and tears mark 20 years since Boxing Day tsunami that claimed 230,000 lives 20:17

    Environment:
    The gun has been fired under clear skies for the start of the Sydney to Hobart yacht race 18:57

    Soccer:
    Manchester City manager Pep Guardiola believes a lack of pre-season training is the major reason his team has been decimated by injury 18:37

    Cricket:
    The spirit of Christmas has done nothing to improve Virat Kohli's temper 18:07

    Law and Order:
    Friends and family of a man who swam away from police during a chase have gathered near the Port Ohope wharf waiting for news of their missing loved one 17:27

    Soccer:
    Tottenham manager Ange Postecoglou Ange Postecoglou denies he's an angry man, but is keen for the media to stop asking him the same questions ad nauseam 17:27

    Boxing:
    Contrasting half centuries from the Australian openers have blunted the Indian attack on Day One of the Boxing Day test in Melbourne 17:07

    Basketball:
    The Philadelphia 76ers have upset defending NBA champions the Celtics 118-114 in Boston, while out west 31 points from LeBron James has led the LA Lakers to a 115-113 win over Steph Curry's Golden State Warriors 16:57


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