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Commerce Commission issues credit fee guidelines

— filed under:
11 July 2017

On 30 June 2017 the Commerce Commission released its Consumer Credit Fees Guidelines, to provide guidance for lenders in setting credit fees.

The guidelines describe the Commission’s view on how lenders should approach setting their fees in order to comply with the Credit Contracts and Consumer Finance Act 2003 (CCCF Act), which requires credit fees charged by lenders to be reasonable.

For full details read the Commerce Commission's media release.

 

 

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