News

Hawkins' Budget Loans pleads guilty to misleading investors

Monday 26th of July 2010

The firm was fined $30,750 in the Auckland District Court after it charged $15 to debtors when it sent out a ‘welcome letter' saying their National Finance loans had changed hands, the Commerce Commission said.

Budget Loans agreed to reverse or refund the remaining $100,000 of the approximately $500,000 of overcharged interest and fees, and also refunded an additional $571,000 to its deb...

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