Case Studies

Our case notes show how we deal with the many different issues that arise in our case investigations. The case notes aim to provide consumers and participants with guidance as to the approach we are likely to take in a particular type of case or highlight some of the many different ways in which a complaint can be resolved.

Search case studies

Title Year Case summary
Mistake leaves loan unaffordable 2021

What happens if your lender makes a mistake when assessing your loan application? Can FSCL help?

Confusion when selling shares 2021

What happens if your sharebroker does not follow your instructions to sell your shares?

Funds frozen in Fiji 2021

Tom discovers his travel card is suddenly frozen while holidaying in Fiji.

Just give me one more month to pay? 2020

Lincoln’s home loan was due to expire, and he needed to find a new lender/mortgagee to refinance the balance. For almost a year, Lincoln kept promising his lender the refinance was about to happen. Eventually, Lincoln’s lender commenced the mortgagee sale process because the balance remained unpaid.

Guarantee dispute settlement rejected 2020

The lender agreed they should not have loaned a further $3,000 to the main borrower without telling the guarantor and offers a settlement that is rejected by the guarantor

Where’s my money? 2021

Kaveeta tried to send money to India, but received an email saying the transaction was not successful. Kaveeta could see the debit on her bank statement. What had happened to her money?

Spiralling debt not responsible lending 2020

What happens when a borrower withholds information about their financial situation but the lender also fails to properly assess affordability on the information that is available?

Does your broker have to go above and beyond for you? 2020

Tahi suddenly can’t afford her annual insurance premiums due to the impact of Covid-19 on her business and income. Tahi doesn’t think her insurance broker does enough to help her situation.

Financial abuse leaves borrower in debt 2020

Anna’s partner left her with significant debt that, if the lender had met their responsible lending obligations, could have been avoided

Brokerage commission claw back fee 2020

When Kahurangi repaid her loan early, her mortgage broker sent her an invoice for the commission the bank had recovered from him. Does Kahurangi have to compensate her mortgage broker for the commission clawed back by the bank?