/Tag:Credit Fees
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Final Guidelines on Consumer Credit Fees

On 30 June 2017 the New Zealand Commerce Commission (NZCC) released its final guidelines on credit fees. The updates to the previous draft guidelines (released in September 2016) provide lenders with guidance on assessing the reasonableness of credit fees under the Credit Contracts and Consumer Finance Act 2003 (CCCFA).  The guidelines also emphasise conclusions drawn [...]

August 4th, 2017|Categories: Legal Developments|Tags: , , , |

Release of Draft Updated Credit Fees Guidelines

As a result of the Supreme Court’s decision in Sportzone Motorcycles Limited (in liquidation) and Motor Trade Finances Ltd v Commerce Commission [2016] NZSC 53, the Commerce Commission has released an updated version of its draft guidelines for credit fees under the Credit Contracts and Consumer Finance Act 2003 (CCCFA). The updated guidelines are designed to [...]

October 13th, 2016|Categories: Legal Developments|Tags: , , |