TMM - News

Kiwibank to pay customers $5.2 million over home loan failings

Thursday 24th of September 2020

The Commerce Commission has forced the state-backed lender to pay up after it admitted failings relating to home loan variation disclosure policies, procedures, and systems.

Variation disclosure is disclosure that banks must provide when a loan contract is varied unilaterally or by agreement. 

The case dates back to August last year, when Kiwibank told the Commission that i...

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