Displaying items by tag: Deputy Chair

New Zealand state-owned bank and financial services provider Kiwibank has been fined $1.5million after pleading guilty to systemic and long-running breaches of the Fair Trading Act that led to 35,000 customers being overcharged a total amount of $6.8 million.

Eagle M.A.N Group Limited - trading as Eagle MAN - has been ordered to pay a pecuniary penalty of $200,000 in the Christchurch High Court for providing high-cost loans which breached multiple aspects of the Credit Contracts and Consumer Finance Act (CCCFA) in the New Zealand competition regulator The Commerce Commission’s first case enforcing rules applying to high-cost lenders.

The competition watchdog, the ACCC will conduct a series of public hearings from 7 to 22 November as part of its ongoing Supermarkets Inquiry.

The competition watchdog, the ACCC, has issued a draft determination proposing to grant authorisation with conditions to the Australian Banking Association (ABA), its member banks, and other industry participants to facilitate business continuity planning in the cash in transit industry.

The National Anti-Scam Centre is urging Australians who have had money stolen by scammers to be wary of offers to recover their money for an upfront fee.

LG Energy Solution has provided an enforceable undertaking to the competition watchdog, the ACCC, that it will increase its efforts to alert and protect consumers from faulty LG solar storage batteries which can overheat and catch fire without warning.

Fintech Australia has elected Sarah Gorman the organisation’s new Chair, with outgoing chair Simone Joyce moving to an advisory role.