Commerce Commission loses bid to extend fees claim against Bluestone Mortgages

Mon, 20 Aug 2012

By Paul McBeth Aug. 20 (BusinessDesk) - The Commerce Commission has lost a bid to widen its claim against Australian lender Bluestone Mortgages NZ over fees charged on early repayments. Judge Patricia Courtney turned down the competition regulator's application to extend the timeframe of its claim in the High Court on Auckland earlier this month, saying she had to strike a balance between the rights of borrowers and lenders. The judgment was published on the Justice Minister's website last week. The regulator alleges Bluestone breached the...

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