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CCCF Act

mortgage-debt
New rules put greater onus on banks and other lenders to verify that borrowers can afford their loans
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
by David Hargreaves
13
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
Auckland Council warned over 'lending failures' with ratepayers
Commerce Commission says the Auckland Council potentially breached the Credit Contracts and Consumer Finance Act in relation to its Retrofit Your Home Programme
by David Hargreaves
3
Commerce Commission says the Auckland Council potentially breached the Credit Contracts and Consumer Finance Act in relation to its Retrofit Your Home Programme