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HSBC warned over loan disclosure failures

ComCom says HSBC ‘likely’ broke the law.

Reweti Kohere Tue, 10 Mar 2020

The Commerce Commission has warned HSBC its failures to disclose increases to loan interest rates likely broke the law.

Following an audit of the bank’s business in New Zealand, the consumer watchdog said HSBC identified six occasions between 2014 and 2018 when it failed to disclose interest

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Reweti Kohere Tue, 10 Mar 2020
Contact the Writer: reweti@nbr.co.nz
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HSBC warned over loan disclosure failures
General Business,
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