Consumer lending

Credit bureau Centrix says over 134,000 homeowners now have mortgages exceeding $1 million

Credit bureau Centrix says over 134,000 homeowners now have mortgages exceeding $1 million

Financial Markets Authority to take over regulatory oversight of consumer credit laws as government touts 'simpler, clearer, and more workable rules'

Financial Markets Authority to take over regulatory oversight of consumer credit laws as government touts 'simpler, clearer, and more workable rules'

Credit bureau Centrix says there were nearly 3000 company liquidations last year - the most since 2010 in the wake of the Global Financial Crisis

Credit bureau Centrix says there were nearly 3000 company liquidations last year - the most since 2010 in the wake of the Global Financial Crisis

Credit bureau Centrix says there are 'cautiously optimistic' signs of a recovery, with improvement in credit demand, arrears, and business defaults

Credit bureau Centrix says there are 'cautiously optimistic' signs of a recovery, with improvement in credit demand, arrears, and business defaults

Centrix says 478,000 people behind on payments this June quarter, hospitality sector one of the most vulnerable industries in current economic climate

Centrix says 478,000 people behind on payments this June quarter, hospitality sector one of the most vulnerable industries in current economic climate

Mortgage arrears: 21,600 home loans were past due in the June quarter, according to credit bureau Centrix

Mortgage arrears: 21,600 home loans were past due in the June quarter, according to credit bureau Centrix

Reserve Bank's latest credit conditions survey shows while mortgage demand has increased, poor economic conditions and higher unemployment rates are likely to remain headwinds

Reserve Bank's latest credit conditions survey shows while mortgage demand has increased, poor economic conditions and higher unemployment rates are likely to remain headwinds

Credit bureau Centrix says 23,700 home loans are past due, a 6% year-on-year increase

Credit bureau Centrix says 23,700 home loans are past due, a 6% year-on-year increase

Profit tumbles across non-bank lending sector for second consecutive year, KPMG FIPS shows, as funding costs surge

Profit tumbles across non-bank lending sector for second consecutive year, KPMG FIPS shows, as funding costs surge

Construction sector faces rising number of liquidations as business credit defaults also climb across the industry according to credit bureau Centrix

Construction sector faces rising number of liquidations as business credit defaults also climb across the industry according to credit bureau Centrix

Government exempts buy now pay later providers from complying with CCCFA default fee provisions to help keep them in business

Government exempts buy now pay later providers from complying with CCCFA default fee provisions to help keep them in business

Centrix says company liquidations are continuing to rise with the manufacturing sector most affected over the past year

Centrix says company liquidations are continuing to rise with the manufacturing sector most affected over the past year

Employees of failed BNPL lender Laybuy may miss out on money owed and holiday pay, despite being preferential creditors

Employees of failed BNPL lender Laybuy may miss out on money owed and holiday pay, despite being preferential creditors

Centrix says all sectors have seen liquidations rise, with retail trade companies experiencing the largest increase annually followed by the property/rental and transportation sectors

Centrix says all sectors have seen liquidations rise, with retail trade companies experiencing the largest increase annually followed by the property/rental and transportation sectors

Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period

Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period