BNZ warned over responsible lending and disclosure failures

Supplied Content Wellington, December 2, 2020 Bank of New Zealand (BNZ) has been warned by the Commerce Commission over likely responsible lending breaches and failures to provide timely and accurate information to borrowers.  In the Commission’s view, BNZ is likely to have breached responsible lending and disclosure obligations under the Credit Contracts and Consumer Finance Act 2003 (CCCF Act). In…

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