CCCFA
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
2
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
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
Competitors and regulators weigh in on Harmoney founder Neil Roberts' view that there's no viable peer-to-peer lending model in New Zealand under existing laws
27th Sep 19, 5:00am
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Competitors and regulators weigh in on Harmoney founder Neil Roberts' view that there's no viable peer-to-peer lending model in New Zealand under existing laws
Commerce Commission takes ANZ subsidiary UDC Finance to court over allegations of charging unreasonable fees. UDC says its fees fairly and reasonably recover its underlying costs
6th Sep 19, 10:05am
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Commerce Commission takes ANZ subsidiary UDC Finance to court over allegations of charging unreasonable fees. UDC says its fees fairly and reasonably recover its underlying costs
Officials still working on the final details of a consumer credit interest rate cap announced as part of the Government's CCCFA changes
5th Sep 19, 2:29pm
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Officials still working on the final details of a consumer credit interest rate cap announced as part of the Government's CCCFA changes
Government includes daily interest rate cap on loans as part of a bid to crack down on loan sharks and predatory lending
3rd Sep 19, 11:40am
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Government includes daily interest rate cap on loans as part of a bid to crack down on loan sharks and predatory lending
We detail and compare what the various buy now, pay later service providers are offering New Zealand consumers in a growing market
19th Aug 19, 12:05pm
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We detail and compare what the various buy now, pay later service providers are offering New Zealand consumers in a growing market
Bell Gully's Richard Massey takes a look at what ASIC's loss in a landmark responsible lending case against Westpac means for New Zealand lenders
19th Aug 19, 9:49am
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Bell Gully's Richard Massey takes a look at what ASIC's loss in a landmark responsible lending case against Westpac means for New Zealand lenders
The Commerce Commission starts legal action against loans company Pretty Penny for alleged breaches of the CCCFA
12th Aug 19, 1:43pm
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The Commerce Commission starts legal action against loans company Pretty Penny for alleged breaches of the CCCFA
ASB CEO Vittoria Shortt says partnership with Swedish fintech bank Klarna is both a defensive & offensive move through which any buy now pay later services will be covered by the CCCFA
8th Aug 19, 9:42am
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ASB CEO Vittoria Shortt says partnership with Swedish fintech bank Klarna is both a defensive & offensive move through which any buy now pay later services will be covered by the CCCFA
Commerce Commission alleges that Westpac breached the Credit Contracts and Consumer Finance Act by failing to provide key information it’s required to under the law to thousands of its credit card customers
11th Jul 19, 2:41pm
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Commerce Commission alleges that Westpac breached the Credit Contracts and Consumer Finance Act by failing to provide key information it’s required to under the law to thousands of its credit card customers
Commerce Commission takes legal action against payday lender Moola for alleged breaches of the CCCFA, seeks injunction to prevent new lending. Moola to defend the claim
8th Jul 19, 12:43pm
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Commerce Commission takes legal action against payday lender Moola for alleged breaches of the CCCFA, seeks injunction to prevent new lending. Moola to defend the claim
Commerce Commission takes legal action against Wellington-based Real Finance over unreasonable fees and charges
2nd Jul 19, 10:25am
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Commerce Commission takes legal action against Wellington-based Real Finance over unreasonable fees and charges