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14 Nov 2024 17:36
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  •   Home > News > Politics

    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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     Top Stories

    RUGBY RUGBY
    Plans from the South Island NRL bid's new president to meet with the other Christchurch-based proposals in the hopes of joining forces More...


    BUSINESS BUSINESS
    Seasonal and global factors are playing into our food prices More...



     Today's News

    Entertainment:
    Ted Danson hopes to live life "right up until" he dies 17:32

    Basketball:
    A pair of explosive scoring performances in the NBA 17:27

    Entertainment:
    Brittany Cartwright doesn't think Jax Taylor changed "at all" during his spell in rehab 17:02

    Law and Order:
    Five more people have been arrested as police target the Comancheros' motorcycle gang 16:57

    Netball:
    Could the Silver Ferns benefit from New Zealand grassroots netball copying Australian training methods? 16:47

    Living & Travel:
    Plans from the South Island NRL bid's new president to meet with the other Christchurch-based proposals in the hopes of joining forces 16:37

    Entertainment:
    Ariana Madix dreams of starring in 'Mamma Mia!' on Broadway 16:32

    Business:
    Seasonal and global factors are playing into our food prices 16:17

    Business:
    Leading economist Nouriel Roubini warns Donald Trump's economic policies could lead to slower economic growth and inflation 16:07

    Entertainment:
    Queen Camilla will "keep trying" to raise awareness of domestic abuse 16:02


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