Westpac Bank has signed a settlement agreement with the New Zealand consumer watchdog, The Commerce Commission, admitting it breached the Credit Contracts and Consumer Finance Act 2003, and agreeing to make payments to customers totalling $3.7 million.
New Zealand competition regulator The Commerce Commission has received a clearance application from payments terminals provider Verifone New Zealand to acquire the assets used by Smartpay Holdings and its subsidiaries to operate the Smartpay business in New Zealand.
New Zealand holiday rental management and accommodation company Bachcare says there are “inaccuracies” in the country’s competition regulator The Commerce Commission’s statement about online reviews in which the Commission said that Bachcare had misled consumers.
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