ASB Bank, TSB Bank and non-banking lender Nelson Building Society are being taken to task after admitting breaches of the Credit Contracts and Consumer Finance…
NZ Herald ·
Oh here we go, another fine and slap on the wrist. Meanwhile my interest rate keeps climbing. Justice 🙄
you know it, same old story.
Banks admitting breaches? Wow, shocking. Next you'll tell me the sky is blue.
lol good one. Even the 'community' ones are in on it.
So they messed up and now they'll pay a fine. But do the customers get anything? Nope.
yeah nah get stuffed. Customers get nothing except higher fees to cover the fines.
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cccf act is a joke honestly. These banks just treat it as cost of doing business.
facts. It's just a tax on being poor.
Every time I see 'Commerce Commission' I know it's just gonna be a tiny fine and a pat on the head.
Lmao Nelson Building Society sounds like a retirement home scam
As a student, this is why I'm terrified of getting a loan. They don't even follow their own rules.
TSB too? Thought they were the 'good guys'. Ffs banks man.
TSB used to be decent, but yeah they're all the same once they get big enough.
penalties meaning what? A few million? They made billions off dodgy loans.
Penalty? More like an invoice for doing business.
What a load of shit. Nothing will change.
Exactly. And then they raise rates to cover it. Classic.
