Commerce Commission warns HSBC over disclosures

Commerce Commission warns HSBC over disclosures

Supplied Content Wellington, March 10, 2020 The Commerce Commission has issued a warning to The Hongkong and Shanghai Banking Corporation Limited (HSBC) over its failure to comply with the information disclosure requirements of the Credit Contracts and Consumer Finance Act 2003 (CCCFA). HSBC self-reported the matter to the Commission following a routine audit of its business in New Zealand. HSBC…

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