Credit
Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
26th Oct 23, 10:09am
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Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
Economist Brian Easton says the recent reduction in the US credit rating signals that market lenders are not happy with the US fiscal arrangements. New Zealand’s lower rating is a warning that we could do better too
21st Aug 23, 9:22am
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Economist Brian Easton says the recent reduction in the US credit rating signals that market lenders are not happy with the US fiscal arrangements. New Zealand’s lower rating is a warning that we could do better too
[updated]
Stats NZ says the seasonally adjusted spending fall in December was the first for nine months and was a 'large' fall for a December month; economists say consumers have taken on board Reserve Bank warnings about spending
18th Jan 23, 11:00am
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Stats NZ says the seasonally adjusted spending fall in December was the first for nine months and was a 'large' fall for a December month; economists say consumers have taken on board Reserve Bank warnings about spending
Will changes to credit contracts and consumer finance laws lead to a government-induced credit crunch or protect borrowers from predatory lending?
16th Dec 21, 5:00am
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Will changes to credit contracts and consumer finance laws lead to a government-induced credit crunch or protect borrowers from predatory lending?
More information will need to be gathered from borrowers by lenders about the reasons why they need the loan, their income, and expenses. Lenders need to assess that the borrower can afford the repayments without getting into financial difficulty
1st Dec 21, 9:47am
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More information will need to be gathered from borrowers by lenders about the reasons why they need the loan, their income, and expenses. Lenders need to assess that the borrower can afford the repayments without getting into financial difficulty
Credit bureau Centrix reports rising levels of business debt stress in Auckland and Northland
2nd Nov 21, 6:12pm
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Credit bureau Centrix reports rising levels of business debt stress in Auckland and Northland
Credit bureau Centrix says credit scores, arrears levels and financial hardship cases remain stable across all levels, while the fall in credit demand isn’t as nearly as deep as last year’s 70% fall
3rd Sep 21, 7:39am
Credit bureau Centrix says credit scores, arrears levels and financial hardship cases remain stable across all levels, while the fall in credit demand isn’t as nearly as deep as last year’s 70% fall
Credit bureau Centrix says its data is painting a picture of an economy going from strength to strength, but activity may start slowing
6th Jul 21, 10:18am
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Credit bureau Centrix says its data is painting a picture of an economy going from strength to strength, but activity may start slowing
Jarden head of research Arie Dekker says it is important for confidence and accountability that Fonterra gives 'some milestones and numbers for the next three years' before farmers vote on its capital structure
30th Jun 21, 12:22pm
Jarden head of research Arie Dekker says it is important for confidence and accountability that Fonterra gives 'some milestones and numbers for the next three years' before farmers vote on its capital structure
Credit bureau Centrix says New Zealand's combined 'credit limit' equates to $59,808 debt for every man, woman and child in the country
28th Jun 21, 2:41pm
Credit bureau Centrix says New Zealand's combined 'credit limit' equates to $59,808 debt for every man, woman and child in the country
Concerned about any consumer harm from buy now, pay later services, Commerce and Consumer Affairs Minister David Clark says government to consult on possible regulation
9th Jun 21, 9:15am
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Concerned about any consumer harm from buy now, pay later services, Commerce and Consumer Affairs Minister David Clark says government to consult on possible regulation
Credit bureau Centrix says consumers are continuing to take advantage of record low interest rates; mortgage applications still strong but down from peak in February
8th Jun 21, 11:09am
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Credit bureau Centrix says consumers are continuing to take advantage of record low interest rates; mortgage applications still strong but down from peak in February
The Commerce Commission's Anna Rawlings explains some of the latest changes to our credit law, and what it means to be a Fit and Proper director or senior manager
31st May 21, 10:33am
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The Commerce Commission's Anna Rawlings explains some of the latest changes to our credit law, and what it means to be a Fit and Proper director or senior manager
Credit bureau Centrix says there's been a 10% increase in the number of households in hardship since the end of the Reserve Bank's mortgage deferral scheme
11th May 21, 10:22am
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Credit bureau Centrix says there's been a 10% increase in the number of households in hardship since the end of the Reserve Bank's mortgage deferral scheme
Credit firm Equifax says the surge in mortgage activity by the big banks has driven a more than 100% rise in credit inquiries
10th May 21, 1:42pm
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Credit firm Equifax says the surge in mortgage activity by the big banks has driven a more than 100% rise in credit inquiries
Credit bureau Centrix says buy now pay later demand has fallen to its lowest level in nearly a year, but elsewhere credit demand has recovered
13th Apr 21, 8:31am
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Credit bureau Centrix says buy now pay later demand has fallen to its lowest level in nearly a year, but elsewhere credit demand has recovered
Credit bureau Centrix says applications for new credit cards are down 40% since before the onset of Covid; mortgage demand going through the roof; mortgage arrears rising
9th Mar 21, 10:49am
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Credit bureau Centrix says applications for new credit cards are down 40% since before the onset of Covid; mortgage demand going through the roof; mortgage arrears rising
Commerce Commission says the Auckland Council potentially breached the Credit Contracts and Consumer Finance Act in relation to its Retrofit Your Home Programme
24th Feb 21, 11:08am
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Commerce Commission says the Auckland Council potentially breached the Credit Contracts and Consumer Finance Act in relation to its Retrofit Your Home Programme
Credit bureau Equifax says 96% of all accounts previously in mortgage deferral are now up to date
4th Dec 20, 9:44am
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Credit bureau Equifax says 96% of all accounts previously in mortgage deferral are now up to date
Bank for International Settlements highlights the rise of lending by big tech companies, noting it's growing faster than fintech lending
26th Sep 20, 9:59am
Bank for International Settlements highlights the rise of lending by big tech companies, noting it's growing faster than fintech lending
Reserve Bank figures show credit card billings dropped a seasonally-adjusted 5.8% in August as Auckland went into level 3 lockdown and the rest of the country level 2
21st Sep 20, 3:35pm
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Reserve Bank figures show credit card billings dropped a seasonally-adjusted 5.8% in August as Auckland went into level 3 lockdown and the rest of the country level 2
Boss of credit bureau Centrix surprised by volume of borrowers in arrears not seeking a mortgage deferral, says credit demand fell across country when Auckland moved into new lockdown
19th Aug 20, 10:45am
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Boss of credit bureau Centrix surprised by volume of borrowers in arrears not seeking a mortgage deferral, says credit demand fell across country when Auckland moved into new lockdown
Latest figures from the Reserve Bank show that credit card spending and amounts outstanding are both rising again - but are still below levels seen a year ago
21st Jul 20, 3:33pm
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Latest figures from the Reserve Bank show that credit card spending and amounts outstanding are both rising again - but are still below levels seen a year ago
David Hargreaves hopes the banks won't be too guarded with their lending because of preconceived expectations of what will happen with the economy - rather than just seeing what does happen
19th Jul 20, 6:02am
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David Hargreaves hopes the banks won't be too guarded with their lending because of preconceived expectations of what will happen with the economy - rather than just seeing what does happen
The country's banks report that both demand and availability for credit over the next six months are set to be sharply down, with things looking particularly tough in the commercial property sector
15th Jul 20, 1:06pm
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The country's banks report that both demand and availability for credit over the next six months are set to be sharply down, with things looking particularly tough in the commercial property sector