RESEND: Court of Appeal rejects MTF Sportzone appeal over credit fees

Mon, 30 Mar 2015

(Clarifies years in third para) By Suze Metherell March 31 (BusinessDesk) - The Court of Appeal has dismissed an appeal by Motor Trade Finance and Sportzone Motorcyles over breaches of the Credit Contracts & Consumer Finance Act and the Fair Trading Act. The Commerce Commission said the motorcycle and car finance businesses breached consumer protection law over fees charged in 39 loan contracts originated by Sportzone between May 2005 and July 2008. Sportzone had an agreement with MTF allowing the defunct motorcycle business to write c...

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