Allan Hawkins' finance companies lose appeal over misleading borrowers

Tue, 18 Apr 2017

By Paul McBeth April 18 (BusinessDesk) - The High Court has upheld a ruling that former 1980s highflyer Allan Hawkins' Budget Loans and Evolution Finance misled 21 borrowers while enforcing loan contracts and sided with the Commerce Commission that 19 charges that were tossed out should be revisited. In the Auckland District Court last year, the finance companies were found guilty of 106 charges of breaching the Fair Trading Act by misleading customers in the way they represented their rights to charge interest and costs on contracts aft...

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