Kiwi carpet company facing legal action threats from global giant over promotion of wool against synthetic fibres Newshub 16 hrs ago Kaysha Brownlie © Video - Newshub; Image - Getty Images Watch: Carpet giant Godfrey Hirst threatening legal action over Bremworth s promotion of wool against synthetic fibres.
Kiwi carpet company Bremworth is fighting back against a global flooring manufacturer who is threatening legal action over the way it s promoting its product.
Godfrey Hirst claims the Kiwi company is making false claims about natural and synthetic fibres.
Bremworth dumped synthetic fibres in its carpets in May in a bid to move away from plastic, and now it s pushing the benefits of wool.
CFTC slaps Mwaiwathu Private Hospital with a K19 7m fine over unfair trading practices
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Auckland company fined $60,000 for selling more than 1300 unsafe children s toys
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ASB Bank to repay customers who were overcharged $9 million Newshub 23 hrs ago © ASB Bank ASB Bank to pay back $9million to customers
ASB Bank will repay customers $9 million for lending failures which resulted in borrowers being overcharged on Early Repayment Adjustment fees (ERA).
The Commerce Commission found the bank failed to act with the care, diligence and skill of a responsible lender.
Under the Fair Trading Act, the watchdog also ruled ASB as making false misleading representations of its right to charge the incorrect ERA fees.
ASB has agreed to repay approximately $8.9 million to borrowers who were overcharged and provided the Commission with enforceable undertakings.