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Commerce Commission

Commerce Commission says Moola charged unreasonable credit and default fees in 2016 and 2017; commission still has an 'irresponsible lending' High Court case against Moola
3rd Mar 21, 10:36am
Commerce Commission says Moola charged unreasonable credit and default fees in 2016 and 2017; commission still has an 'irresponsible lending' High Court case against Moola
Commerce Commission says the Auckland Council potentially breached the Credit Contracts and Consumer Finance Act in relation to its Retrofit Your Home Programme
24th Feb 21, 11:08am
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Commerce Commission says the Auckland Council potentially breached the Credit Contracts and Consumer Finance Act in relation to its Retrofit Your Home Programme
Commerce Commission warns BNZ after deciding issues the bank self reported 'likely breached' responsible lending and disclosure obligations under the Credit Contracts and Consumer Finance Act
2nd Dec 20, 9:24am
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Commerce Commission warns BNZ after deciding issues the bank self reported 'likely breached' responsible lending and disclosure obligations under the Credit Contracts and Consumer Finance Act
Labour pledges to direct the Commerce Commission to probe the competitiveness of the supermarket and building supplies sectors
1st Oct 20, 12:01pm
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Labour pledges to direct the Commerce Commission to probe the competitiveness of the supermarket and building supplies sectors
Labour Party unveils commitment to reduce fees small businesses pay their banks for accepting debit and credit cards through regulation of merchant service fees
8th Sep 20, 12:00pm
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Labour Party unveils commitment to reduce fees small businesses pay their banks for accepting debit and credit cards through regulation of merchant service fees
Kiwibank June year profit hit as COVID-19 related loan impairments ramp up, expenses rise and income falls
1st Sep 20, 9:54am
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Kiwibank June year profit hit as COVID-19 related loan impairments ramp up, expenses rise and income falls
Guy Trafford explains how the Commerce Commission DIRA review worked out this year, and focuses on Fonterra's push for rights to refuse milk supply
20th Aug 20, 10:05am
Guy Trafford explains how the Commerce Commission DIRA review worked out this year, and focuses on Fonterra's push for rights to refuse milk supply
Labour's government support partners would back regulation of retail payments as part of moves to stimulate the economy after the crushing impact of the COVID-19 pandemic
26th Apr 20, 7:31am
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Labour's government support partners would back regulation of retail payments as part of moves to stimulate the economy after the crushing impact of the COVID-19 pandemic
During the COVID-19 pandemic consumer lenders will be acting responsibly when making reasonable decisions based on the best available information in the circumstances, ComCom says
6th Apr 20, 8:42am
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During the COVID-19 pandemic consumer lenders will be acting responsibly when making reasonable decisions based on the best available information in the circumstances, ComCom says
Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
31st Mar 20, 2:01pm
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Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
28th Mar 20, 10:32am
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In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
HSBC failure to disclose interest rate increase to borrowers affected 225 loans and 180 borrowers and sees bank warned and required to compensate borrowers about $7,000
10th Mar 20, 10:53am
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HSBC failure to disclose interest rate increase to borrowers affected 225 loans and 180 borrowers and sees bank warned and required to compensate borrowers about $7,000
ANZ NZ to pay customers more than $35 million after admitting a breach of its responsible lending obligations in relation to a coding error within a loan calculator
2nd Mar 20, 1:35pm
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ANZ NZ to pay customers more than $35 million after admitting a breach of its responsible lending obligations in relation to a coding error within a loan calculator
Govt promises law change this year to make wholesale fuel prices more transparent, supplier/distributor contracts fairer, and retail premium petrol prices clearer
27th Feb 20, 11:06am
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Govt promises law change this year to make wholesale fuel prices more transparent, supplier/distributor contracts fairer, and retail premium petrol prices clearer
Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
14th Feb 20, 9:42am
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Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
Westpac has agreed to compensate over 19,000 new credit card customers who were not provided with the required disclosure information when getting their credit cards
11th Feb 20, 11:36am
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Westpac has agreed to compensate over 19,000 new credit card customers who were not provided with the required disclosure information when getting their credit cards
Annual financial statements from ANZ's UDC Finance refer to 'various notices and requests for information from its regulators as part of both industry-wide and UDC-specific reviews'; Spokeswoman only points to ComCom case
16th Dec 19, 9:56am
Annual financial statements from ANZ's UDC Finance refer to 'various notices and requests for information from its regulators as part of both industry-wide and UDC-specific reviews'; Spokeswoman only points to ComCom case
Final report on retail fuel market recommends 'terminal gate pricing regime' similar to in Australia, requiring all importers to offer a 'spot' price; Govt aims to 'break stranglehold' of big fuel companies
5th Dec 19, 8:42am
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Final report on retail fuel market recommends 'terminal gate pricing regime' similar to in Australia, requiring all importers to offer a 'spot' price; Govt aims to 'break stranglehold' of big fuel companies
Council of Financial Regulators says climate change, financial inclusion and consumer engagement, residential property insurance, plus conduct and governance are on its agenda
29th Nov 19, 4:13pm
Council of Financial Regulators says climate change, financial inclusion and consumer engagement, residential property insurance, plus conduct and governance are on its agenda
Commerce Commission says telecoms retail sector providers generated highest number of complaints, while there were also considerable numbers of complaints about online ticket selling
21st Nov 19, 10:46am
by admin
Commerce Commission says telecoms retail sector providers generated highest number of complaints, while there were also considerable numbers of complaints about online ticket selling
Changes to the Commerce Act to address anti-competitive behaviour could be one step closer as MBIE prepares policy advice for the Government
28th Oct 19, 9:08am
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Changes to the Commerce Act to address anti-competitive behaviour could be one step closer as MBIE prepares policy advice for the Government
The Commerce Commission announces its latest draft determination on the $50 million annual telco levy
24th Oct 19, 10:34am
The Commerce Commission announces its latest draft determination on the $50 million annual telco levy
Insurance company IAG's plans to open a trial vehicle repair facility in South Auckland creates concerns about potential anti-competitive behaviour
8th Oct 19, 10:52am
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Insurance company IAG's plans to open a trial vehicle repair facility in South Auckland creates concerns about potential anti-competitive behaviour
Competitors and regulators weigh in on Harmoney founder Neil Roberts' view that there's no viable peer-to-peer lending model in New Zealand under existing laws
27th Sep 19, 5:00am
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Competitors and regulators weigh in on Harmoney founder Neil Roberts' view that there's no viable peer-to-peer lending model in New Zealand under existing laws
Government's proposed conduct licensing regime for financial service providers features a high-level fair treatment standard across all retail customer related parts of their business
26th Sep 19, 9:38am
Government's proposed conduct licensing regime for financial service providers features a high-level fair treatment standard across all retail customer related parts of their business