Supreme Court dismisses appeal from Motor Trade Finance, Sportzone over credit fees

Thu, 12 May 2016

By Jonathan Underhill May 12 (BusinessDesk) - The Supreme Court has dismissed an appeal by Motor Trade Finance and Sportzone Motorcycles against rulings in a case brought by the Commerce Commission that fees they charged in loan contracts were unreasonable. The ruling, made public today, may be the last challenge by the car finance business MTF and Sportzone after they were found to have breached the Credit Contracts and Consumer Finance Act (CCCFA) in a 2013 High Court ruling. The commission's case was that the companies breached con...

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