Profile Finance Limited in $945K Settlement with Commission

  • May 27, 2020 NZST
  • Team Kalkine
Profile Finance Limited in $945K Settlement with Commission

Profile Finance Limited, a Whangarei-based finance company is expected to receive $945,334 in credits and refunds after Profile Finance signed a settlement agreement with the Commerce Commission.

  • The Commission began investigating Profile Finance in November 2017 after receiving a complaint;
  • The investigation found that the company did not provide all the key information to borrowers that is required under the CCCF Act between 6 June 2015 and 28 November 2017.

 


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