News | Christchurch
10 Feb 2025 12:49
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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.

    © 2025 Newstalk ZB, NZCity

     Other Christchurch News
     10 Feb: Environment Canterbury is expecting to hear soon, whether it will be allowed to reinstate bike racks on buses during the day
     09 Feb: Tragedy in Canterbury yesterday, with the death of a woman at Rakaia River near Ashburton
     08 Feb: A construction analyst claims Kainga Ora paid three times the market price for a dozen Canterbury units
     07 Feb: Tight death bowling has taken Canterbury to a one-run win over Otago in cricket's 50-over Ford Trophy at Dunedin after posting 322 for seven
     05 Feb: The worker who was critically injured in a North Canterbury incident, was a contractor working on an Environment Canterbury-owned forestry block
     03 Feb: Dozens of children are already on the wait list for a charter school in Christchurch
     31 Jan: The rural Canterbury town of Kirwee is ready to welcome the Crusaders and Blues
     Top Stories

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    Three-time Super Bowl winner Riki Ellison believes Philadelphia's chances of toppling Kansas City in the Super Bowl will be determined by the output of their running back More...


    BUSINESS BUSINESS
    Banks have been working through a backlog of lending requests, that left customers facing weeks-long delays More...



     Today's News

    Entertainment:
    Princess Anne has expressed her gratitude to the medical staff who treated her following her horse accident 12:42

    Auckland:
    Two people are moderately injured after being hit by debris that fell from a building on Auckland's Queen Street, also splintering a glass roof 12:27

    International:
    Israeli forces withdraw from Gaza Strip's Netzarim Corridor as part of ceasefire deal 12:17

    Entertainment:
    Demi Moore will always be part of a "family" with her ex Bruce Willis 12:12

    Golf:
    Celebrations for Josh Geary after a day of golfing mayhem on the coast south of Melbourne 11:57

    Entertainment:
    Angelina Jolie has revealed how her iconic 'Tomb Raider' role forced her to quit smoking and overhaul her physical routine 11:42

    National:
    ‘America First’ trade policy is pushing economic self-sufficiency – but history shows this is harder than it seems 11:17

    Education:
    Can schools enforce uniform policies like short hair for boys and skirts for girls? 11:17

    Entertainment:
    A new Britney Spears book promising to expose the full truth of her turbulent life story is being released 11:12

    Rugby League:
    Philadelphia coach Nick Sirianni was convinced his team could reach the NFL Super Bowl for the second time in three years, despite a poor start to the season 11:07


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