CCCFA
Commerce Commission says harsher penalties will provide unscrupulous lenders with an incentive to comply with the Credit Contracts and Consumer Finance Act
25th Jun 19, 5:00am
Commerce Commission says harsher penalties will provide unscrupulous lenders with an incentive to comply with the Credit Contracts and Consumer Finance Act
Buy now, pay later service provider Afterpay airs concerns about the 'broad and uncertain regulatory call in' power currently proposed by the Credit Contracts Legislation Amendment Bill
22nd Jun 19, 9:01am
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Buy now, pay later service provider Afterpay airs concerns about the 'broad and uncertain regulatory call in' power currently proposed by the Credit Contracts Legislation Amendment Bill
Afterpay falling foul of AUSTRAC highlights the regulatory challenges facing newcomers to the financial services sector, Gareth Vaughan says
14th Jun 19, 4:46pm
Afterpay falling foul of AUSTRAC highlights the regulatory challenges facing newcomers to the financial services sector, Gareth Vaughan says
BNZ compliance with Credit Contracts and Consumer Finance Act disclosure requirements under the spotlight after the bank self-reported to the consumer watchdog
28th May 19, 9:28am
BNZ compliance with Credit Contracts and Consumer Finance Act disclosure requirements under the spotlight after the bank self-reported to the consumer watchdog
Commerce Commission's court case against payday lender Ferratum scheduled for next year
23rd May 19, 10:19am
Commerce Commission's court case against payday lender Ferratum scheduled for next year
Chapman Tripp says government legislation designed to crack down on predatory lending could drive some borrowers to high cost loans
15th Apr 19, 11:29am
Chapman Tripp says government legislation designed to crack down on predatory lending could drive some borrowers to high cost loans
Finance broker alleges loan applications to 3rd tier lenders are being rejected because of payday loans, with finance company boss saying payday loans are often a sign someone has financial problems
13th Apr 19, 9:46am
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Finance broker alleges loan applications to 3rd tier lenders are being rejected because of payday loans, with finance company boss saying payday loans are often a sign someone has financial problems
FinCap says government should be taking a tougher stance against loan sharks
Commerce and Consumer Affairs Minister Kris Faafoi sticks to position that cap on total interest and fees will be most effective way to combat 'unscrupulous' lenders
12th Mar 19, 10:32am
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Commerce and Consumer Affairs Minister Kris Faafoi sticks to position that cap on total interest and fees will be most effective way to combat 'unscrupulous' lenders
Salvation Army’s State of the Nation report lumps debt and fringe lending in with alcohol consumption, drug taking and gambling in the social hazards section
13th Feb 19, 3:14pm
5
Salvation Army’s State of the Nation report lumps debt and fringe lending in with alcohol consumption, drug taking and gambling in the social hazards section
The emergence and growth of 'buy now, pay later' services has caught the eye of competitors and regulators. Stephen Forbes takes a look at the fast growing sector
1st Feb 19, 12:16pm
5
The emergence and growth of 'buy now, pay later' services has caught the eye of competitors and regulators. Stephen Forbes takes a look at the fast growing sector
Minister of Commerce and Consumer Affairs Kris Faafoi establishing new regulatory powers targeting new credit products
30th Jan 19, 5:00am
14
Minister of Commerce and Consumer Affairs Kris Faafoi establishing new regulatory powers targeting new credit products
BNZ to pay out over 10,000 customers an average of $375 each as a result of documentation errors following changes to the Credit Contracts and Consumer Finance Act (CCCFA)
5th Dec 18, 10:28am
BNZ to pay out over 10,000 customers an average of $375 each as a result of documentation errors following changes to the Credit Contracts and Consumer Finance Act (CCCFA)
Benefits of making lenders disclose the effective cost of credit, by combining interest rates & fees, deemed not sufficient to warrant the costs and complexities, MBIE says
1st Nov 18, 2:25pm
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Benefits of making lenders disclose the effective cost of credit, by combining interest rates & fees, deemed not sufficient to warrant the costs and complexities, MBIE says
MBIE strongly opposed to the introduction of a comprehensive creditor licensing regime as part of government's loan shark crackdown
23rd Oct 18, 2:51pm
2
MBIE strongly opposed to the introduction of a comprehensive creditor licensing regime as part of government's loan shark crackdown
Interest-free 'buy now pay later' products such as Afterpay, PartPay, Laybuy and Oxipay, to remain outside the CCCFA, MBIE says
12th Oct 18, 10:58am
1
Interest-free 'buy now pay later' products such as Afterpay, PartPay, Laybuy and Oxipay, to remain outside the CCCFA, MBIE says
Loan shark crackdown includes interest & fee caps, fit & proper person test and tougher penalties, Commerce & Consumer Affairs Minister Kris Faafoi says
10th Oct 18, 10:10am
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Loan shark crackdown includes interest & fee caps, fit & proper person test and tougher penalties, Commerce & Consumer Affairs Minister Kris Faafoi says
As NZ regulators investigate banks' conduct & culture they should take a leaf out of ASIC's book and probe the credit card market too, Gareth Vaughan argues
5th Jul 18, 1:54pm
11
As NZ regulators investigate banks' conduct & culture they should take a leaf out of ASIC's book and probe the credit card market too, Gareth Vaughan argues
Gareth Vaughan argues the flawed Financial Service Providers' Register is a factor in consumer lending problems & it should be dumped with consumer lenders licensed
29th Jun 18, 5:00am
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Gareth Vaughan argues the flawed Financial Service Providers' Register is a factor in consumer lending problems & it should be dumped with consumer lenders licensed
Ministry of Business, Innovation & Employment discussion paper details how caps on consumer lender's interest rates and fees might work
28th Jun 18, 10:21am
Ministry of Business, Innovation & Employment discussion paper details how caps on consumer lender's interest rates and fees might work
Government to strengthen consumer credit laws as it aims to stop people getting caught in 'appalling debt spirals' that are very difficult to escape
27th Jun 18, 10:00am
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Government to strengthen consumer credit laws as it aims to stop people getting caught in 'appalling debt spirals' that are very difficult to escape
Peer to peer lending facilitator Harmoney is to begin lending money through its own online platform
16th Jun 18, 9:20am
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Peer to peer lending facilitator Harmoney is to begin lending money through its own online platform
Government review of Credit Contracts and Consumer Finance Act includes a look at credit card interest rates
12th Jun 18, 12:07pm
1
Government review of Credit Contracts and Consumer Finance Act includes a look at credit card interest rates
A Commerce Commission review of 215 selected lenders' websites found 21% of them failed to comply with disclosure obligations under the Credit Contracts and Consumer Finance Act
31st May 18, 1:20pm
A Commerce Commission review of 215 selected lenders' websites found 21% of them failed to comply with disclosure obligations under the Credit Contracts and Consumer Finance Act
Judge rules Harmoney's platform fee is a credit fee, doesn't accept the 'relative novelty of peer-to-peer lending should preclude the usual application of the CCCFA'
21st May 18, 10:31am
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Judge rules Harmoney's platform fee is a credit fee, doesn't accept the 'relative novelty of peer-to-peer lending should preclude the usual application of the CCCFA'