TMM - News
FSCL urges lenders to take note
Monday 19th of September 2022
A lending company has been ticked off and ordered to pay $500 in a case that asked whether a woman had been sufficiently helped to fully understand the contract she was signing.
Financial Services Complaints (FSCL), found the case came under a section of the Credit Contracts and Consumer Finance Act (CCCFA).
The dispute concerned motor vehicle finance. But FSCL urged all lenders to note its findings.
At issue was whether a $20,000 loan should be paid off at $155 each week or each fortnight.
Want to read the full article?
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
Latest News
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
