Allan Hawkins' finance companies found guilty of breaching Fair Trading Act

Fri, 15 Jul 2016

By Sophie Boot July 15 (BusinessDesk) - Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. The Commerce Commission filed proceedings against the companies in December 2014. It said the companies had misled consumers about their rights by repossessing or threatening to repossess property they didn't have a right to repossess, unlawfully adding interes...

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