West Auckland firm fined over loans to vulnerable borrowers
Sentence follows first Commerce Commission prosecution under new law
Tim Hunter Wed, 31 Oct 2018
A West Auckland lender has been fined $48,750 for illegally taking security over personal items such as beds, cooking equipment, washing machines and fridges.
Passing sentence in the Waitakere District Court, Judge June Jelas said although lender Aotea Finance had no policy of repossession,
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