Commission to investigate Kiwibank
The Commerce Commission has decided to investigate a complaint about Kiwibank's advertising.
Thursday, October 10th 2002, 7:41AM
The Commerce Commission has decided to investigate a complaint made by Wizard Home Loans against Kiwibank's mortgage guarantee.
State-owned Kiwibank last month launched an advertising campaign where it guaranteed that its mortgage deals would be better than those of the big five banks over the next six years.
If the customer proved that was possible then Kiwibank would refund the difference.
Wizard complained to the Commerce Commission alleging that the ad was misleading.
The commission has decided to investigate the complainant but won't say how long that process will take.
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Wizard takes Kiwibank to commission| « Board game for property investors | Home affordability holds up » |
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