Brief: Australia's ASIC Sues Latitude Finance Australia And Harvey Norman Holdings

Harvey Norman Holdings

04/10/2022 21:14

Oct 5 (Reuters) - Harvey Norman Holdings Ltd  HVN.AX :
    * SUES LATITUDE FINANCE AUSTRALIA AND HARVEY NORMAN HOLDINGS
FOR
ALLEGEDLY MISLEADING INTEREST FREE ADVERTISING
    * ALLEGES THAT ADS MISREPRESENTED TRUE COST OF USING PAYMENT
METHOD BECAUSE THEY FAILED TO ADEQUATELY DISCLOSE ESTABLISHMENT
FEES
    * SEEKS DECLARATIONS, PECUNIARY PENALTIES, INJUNCTIONS AND
OTHER
ORDERS AGAINST LATITUDE AND HARVEY NORMAN
    * ALLEGES FROM JAN 2020-AUG 2021, HARVEY NORMAN DID NOT
DISCLOSE
CONSUMERS COULD USE INTEREST FREE PAYMENT METHOD IF USED A
LATITUDE GO MASTERCARD.

Further company coverage:  HVN.AX 
 ((Reuters.Briefs@thomsonreuters.com;))