ComCom charges Allan Hawkins' finance companies over debt recovery

Tue, 16 Dec 2014

By Paul McBeth Dec. 17 (BusinessDesk) - The Commerce Commission has filed criminal proceedings against two finance companies run by former 1980s high-flyer Allan Hawkins over their debt recovery practices. The regulator today filed papers in the Auckland District Court against Budget Loans and Evolution Finance, claiming the lenders breached the Fair Trading Act, it said in a statement. The commission said the finance companies misled debtors by repossessing or threatening to repossess property when they didn't have the right to do so, ad...

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