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CCCFA

Class action filed against ANZ and ASB alleging they failed to refund some 150k customers millions of dollars they weren't allowed to take or keep
29th Sep 21, 2:52pm
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Class action filed against ANZ and ASB alleging they failed to refund some 150k customers millions of dollars they weren't allowed to take or keep
Commerce and Consumer Affairs Minister David Clark says buy now, pay later networks could be regulated in push to reduce costs for merchants and consumers
25th Sep 21, 9:41am
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Commerce and Consumer Affairs Minister David Clark says buy now, pay later networks could be regulated in push to reduce costs for merchants and consumers
Government delaying start of the Credit Contracts Legislation Amendment Act by two months due to community battle with Covid-19
9th Sep 21, 5:25pm
Government delaying start of the Credit Contracts Legislation Amendment Act by two months due to community battle with Covid-19
Westpac NZ set to launch regulation ready BNPL 'anywhere' service Bundll with Humm, and potentially buy up to 49% of the business
15th Jul 21, 10:04am
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Westpac NZ set to launch regulation ready BNPL 'anywhere' service Bundll with Humm, and potentially buy up to 49% of the business
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
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
Commerce Commission says Moola charged unreasonable credit and default fees in 2016 and 2017; commission still has an 'irresponsible lending' High Court case against Moola
3rd Mar 21, 10:36am
Commerce Commission says Moola charged unreasonable credit and default fees in 2016 and 2017; commission still has an 'irresponsible lending' High Court case against Moola
Australian financial services industry rolls out Code of Practice for buy now pay later sector designed to stave off government regulation
2nd Mar 21, 8:48am
Australian financial services industry rolls out Code of Practice for buy now pay later sector designed to stave off government regulation
Commerce Commission warns BNZ after deciding issues the bank self reported 'likely breached' responsible lending and disclosure obligations under the Credit Contracts and Consumer Finance Act
2nd Dec 20, 9:24am
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Commerce Commission warns BNZ after deciding issues the bank self reported 'likely breached' responsible lending and disclosure obligations under the Credit Contracts and Consumer Finance Act
Australian Securities and Investments Commission says about 20% of buy now pay later users cutting back on, or going without, essentials such as food in order to make their payments
17th Nov 20, 8:06am
Australian Securities and Investments Commission says about 20% of buy now pay later users cutting back on, or going without, essentials such as food in order to make their payments
CEO Chris Lamers says Flexigroup doesn't anticipate merchant service fees charged by its buy now pay later service would be included in any government regulation
15th Sep 20, 5:00am
CEO Chris Lamers says Flexigroup doesn't anticipate merchant service fees charged by its buy now pay later service would be included in any government regulation
Government says the 'end is in sight' for high-cost lenders and truck shops who trap the vulnerable in debt
4th Jun 20, 2:02pm
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Government says the 'end is in sight' for high-cost lenders and truck shops who trap the vulnerable in debt
In the fifth and final part of a series on New Zealand's retail payment systems Gareth Vaughan lays out a roadmap for regulating the retail payments sector and outlines why this should be done
16th Apr 20, 5:00am
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In the fifth and final part of a series on New Zealand's retail payment systems Gareth Vaughan lays out a roadmap for regulating the retail payments sector and outlines why this should be done
During the COVID-19 pandemic consumer lenders will be acting responsibly when making reasonable decisions based on the best available information in the circumstances, ComCom says
6th Apr 20, 8:42am
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During the COVID-19 pandemic consumer lenders will be acting responsibly when making reasonable decisions based on the best available information in the circumstances, ComCom says
Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
31st Mar 20, 2:01pm
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Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
HSBC failure to disclose interest rate increase to borrowers affected 225 loans and 180 borrowers and sees bank warned and required to compensate borrowers about $7,000
10th Mar 20, 10:53am
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HSBC failure to disclose interest rate increase to borrowers affected 225 loans and 180 borrowers and sees bank warned and required to compensate borrowers about $7,000
Australian Financial Review report suggests two US private equity giants are duking it out for UDC Finance as ANZ looks to sell the Kiwi finance company
20th Feb 20, 11:06am
Australian Financial Review report suggests two US private equity giants are duking it out for UDC Finance as ANZ looks to sell the Kiwi finance company
Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
14th Feb 20, 9:42am
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Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
Westpac has agreed to compensate over 19,000 new credit card customers who were not provided with the required disclosure information when getting their credit cards
11th Feb 20, 11:36am
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Westpac has agreed to compensate over 19,000 new credit card customers who were not provided with the required disclosure information when getting their credit cards
Commerce and Consumer Affairs Minister Kris Faafoi not in a hurry to engage with any push to establish Code of Practice for buy now pay later industry in New Zealand
10th Feb 20, 9:50am
Commerce and Consumer Affairs Minister Kris Faafoi not in a hurry to engage with any push to establish Code of Practice for buy now pay later industry in New Zealand
Klarna, the buy now pay later partner of ASB's parent Commonwealth Bank of Australia that has launched across the Tasman, doesn't appear set for a New Zealand launch anytime soon
3rd Feb 20, 9:39am
Klarna, the buy now pay later partner of ASB's parent Commonwealth Bank of Australia that has launched across the Tasman, doesn't appear set for a New Zealand launch anytime soon
Bell Gully's Richard Massey and Timothy Shiels summarise the extensive additional changes proposed to the Credit Contracts and Consumer Finance Act by Parliament's Finance and Expenditure Committee
15th Nov 19, 9:22am
by Guest
Bell Gully's Richard Massey and Timothy Shiels summarise the extensive additional changes proposed to the Credit Contracts and Consumer Finance Act by Parliament's Finance and Expenditure Committee
Select committee recommends clauses be added to the Credit Contracts Legislation Amendment Bill prohibiting lenders peddling 'high-cost' consumer debt from charging compound interest
12th Nov 19, 9:31am
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Select committee recommends clauses be added to the Credit Contracts Legislation Amendment Bill prohibiting lenders peddling 'high-cost' consumer debt from charging compound interest
Gareth Vaughan casts an eye over UBS research tomes on Afterpay and the buy now, pay later sector to get a feel for its success and the threats it faces
21st Oct 19, 9:48am
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Gareth Vaughan casts an eye over UBS research tomes on Afterpay and the buy now, pay later sector to get a feel for its success and the threats it faces
Trans-Tasman consumer finance company Latitude Financial Group seeks to raise A$1.4 billion through listing on Australian Securities Exchange
27th Sep 19, 6:26am
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Trans-Tasman consumer finance company Latitude Financial Group seeks to raise A$1.4 billion through listing on Australian Securities Exchange