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Graham Gill

Regulator warns on price rises and GST

Wellington, Oct 8 NZPA - The Commerce Commission has warned the owners of The Dominion Post newspaper about using the rise in GST to explain a price increase, when the increased tax was the reason for only part of the 10c price rise.

Budget Loans pinged for charging fee with welcome letter

Budget Loans pinged for charging fee with welcome letter
Wellington, July 26 NZPA - Budget Loans Ltd has been pinged for misrepresenting its rights and charging fees to debtors in a loan book it purchased.

Record $45m settlement over ING funds

Record $45m settlement over ING funds
Wellington, June 23 NZPA - A $45 million payout by ING (NZ) Ltd and ANZ National Bank in a settlement with the Commerce Commission is expected to still leave investors out of pocket.

$15 'line in sand' on credit card late payment fees

$15 'line in sand' on credit card late payment fees
Wellington, May 21 NZPA - The Commerce Commission has warned credit card companies against charging late payment penalty fees of more than $15.

Kiwibank, HSBC warned about mortgage break fee formulas

Kiwibank, HSBC warned about mortgage break fee formulas
Wellington, May 11 NZPA - The Commerce Commission warned Kiwibank and HSBC about the formulas the two banks used to work out mortgage break fees until the middle of last year.

Cash Converters pulled up over pay day loans

Cash Converters pulled up over pay day loans
Wellington, March 24 NZPA - The Commerce Commission and second hand goods trader Cash Converters have reached a settlement over the company's pay day loan contracts.

ING NZ Investigation To Take At Least Another Six Months:ComCom

ING NZ Investigation To Take At Least Another Six Months:ComCom
Wellington, June 24 NZPA - The Commerce Commission expects its investigation into ING (NZ)'s diversified yield and regular income funds to take at least another six months.

Finance Company To Refund 100 Customers Over Fee Calculations

Finance Company To Refund 100 Customers Over Fee Calculations
Wellington, May 28 NZPA - A medical finance company has been ordered to refund about 100 customers, after the Commerce Commission found it was charging different mortgage break fees to what it stated in its contracts.

Commission Clears Four Banks Over Break Fees

Commission Clears Four Banks Over Break Fees
Wellington, April 30 NZPA - The Commerce Commission has found that loan break fees charged by four banks are "likely to be reasonable" and is continuing to investigate the fees charged by three other banks.

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