Westpac Bank has signed a settlement agreement with the New Zealand consumer watchdog, The Commerce Commission, admitting it breached the Credit Contracts and Consumer Finance Act 2003, and agreeing to make payments to customers totalling $3.7 million.
The ACCC has formally released the Competition and Consumer (Consumer Data Right) Rules, which it says is is a “key development” in progressing the Consumer Data Right in banking.
New Zealand holiday rental management and accommodation company Bachcare says there are “inaccuracies” in the country’s competition regulator The Commerce Commission’s statement about online reviews in which the Commission said that Bachcare had misled consumers.
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