Contest entrants deceived by the lure of rewards that don't exist as flashy contests are in the gun for offering prizes no one is guaranteed to win.

IAG will pay out up to $3.48 million in compensation after admitting it may have breached the Fair Trading Act in relation to more than 150,000 insurance policies.

Telco avoids major damage to its reputation by owning up to the wrongdoing, says brand expert.

Vodafone New Zealand has been fined $960,000 for misleading advertising after the company pleaded guilty to 21 charges laid by the Commerce Commission.

A bankrupt loan shark who charged interest on loans of as much as 1,738 per cent, has been fined for breaches of consumer credit law.