Goodring, Betterlife fined $171,500 as regulator expands crackdown on truck-shop operators

Wed, 15 Jun 2016

By Jonathan Underhill June 15 (BusinessDesk) - Truck-shop operators Goodring Co and Betterlife Corp have been fined a total of $171,500 after the first such sentences under the strengthened Credit Contracts and Consumer Finance Act 2003 (CCCFA) that came into force last year. Goodring was fined $98,000 for breaches of the CCCFA, and the Financial Service Providers (Registration and Dispute Resolution) Act (FSPA) in the Auckland District Court. Betterlife was fined $73,500 for breaches of sections 17 and 32 of the CCCFA. The two Aucklan...

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