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23 Nov 2024 21:19
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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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     22 Nov: A good news day from our rural sector
     22 Nov: Survivors of abuse in care know how redress should work – will the government finally listen?
     22 Nov: Dunedin City Council's set to spend almost 350-thousand dollars on its campaign against cuts to the city's new hospital
     Top Stories

    RUGBY RUGBY
    The New Zealand SailGP team is setting their F50 boat up to excel in light airs for tonight's season-opening regatta in Dubai More...


    BUSINESS BUSINESS
    A proposed carbon tax is being touted to provide more price certainty for businesses More...



     Today's News

    International:
    George Russell takes F1 Las Vegas Grand Prix pole and Max Verstappen starts ahead of Lando Norris 21:17

    Cricket:
    India's taken a 46-run lead into the second innings of the first cricket test in Perth, having dismissed Australia for a paltry 104 21:17

    Entertainment:
    Keke Palmer is living her life "on [her] own terms" 20:39

    Entertainment:
    Billie Eilish has been named as Apple Music's Artist of the Year 20:09

    Entertainment:
    Kristin Cavallari won't waste her time dating the wrong person 19:39

    International:
    Five remaining Bali Nine members could soon be transferred to Australia 19:37

    Entertainment:
    Boy George regrets being critical of Liam Payne before he passed away 19:09

    Accident and Emergency:
    Police have soared into action, saving falcon after it was hit by a car in rural Waikato 18:57

    Entertainment:
    Nicholas Hoult has insisted it is "fairly clear" he is married 18:39

    Accident and Emergency:
    A person's died after a crash between two motorbikes on Ongaroto Road / State Highway 30 in South Waikato's Kinleith 18:37


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