Loan sharks
Commerce Minister David Clark relaxes CCCFA rules for assumptions on credit card and buy-now-pay-later debt
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Commerce Minister David Clark relaxes CCCFA rules for assumptions on credit card and buy-now-pay-later debt
BNPL now a common financial tangle for clients of financial mentors, who feel regulation is required to avoid 'bottom of the cliff' scenarios
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BNPL now a common financial tangle for clients of financial mentors, who feel regulation is required to avoid 'bottom of the cliff' scenarios
Will changes to credit contracts and consumer finance laws lead to a government-induced credit crunch or protect borrowers from predatory lending?
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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?
Changes to consumer lending rules from December 1 bring increased requirement to verify borrower information and assess suitability
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Changes to consumer lending rules from December 1 bring increased requirement to verify borrower information and assess suitability
Government says the 'end is in sight' for high-cost lenders and truck shops who trap the vulnerable in debt
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Government says the 'end is in sight' for high-cost lenders and truck shops who trap the vulnerable in debt
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
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
Commerce and Consumer Affairs Minister Kris Faafoi says he doesn't want to call a financial services royal commission but improvements to conduct and culture are needed
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Commerce and Consumer Affairs Minister Kris Faafoi says he doesn't want to call a financial services royal commission but improvements to conduct and culture are needed
Officials still working on the final details of a consumer credit interest rate cap announced as part of the Government's CCCFA changes
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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
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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
Commerce Commission says harsher penalties will provide unscrupulous lenders with an incentive to comply with the Credit Contracts and Consumer Finance Act
Commerce Commission says harsher penalties will provide unscrupulous lenders with an incentive to comply with the Credit Contracts and Consumer Finance Act
Buy now, pay later service provider Afterpay airs concerns about the 'broad and uncertain regulatory call in' power currently proposed by the Credit Contracts Legislation Amendment Bill
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Buy now, pay later service provider Afterpay airs concerns about the 'broad and uncertain regulatory call in' power currently proposed by the Credit Contracts Legislation Amendment Bill
Commerce Commission's court case against payday lender Ferratum scheduled for next year
Commerce Commission's court case against payday lender Ferratum scheduled for next year
Chapman Tripp says government legislation designed to crack down on predatory lending could drive some borrowers to high cost loans
Chapman Tripp says government legislation designed to crack down on predatory lending could drive some borrowers to high cost loans
Finance broker alleges loan applications to 3rd tier lenders are being rejected because of payday loans, with finance company boss saying payday loans are often a sign someone has financial problems
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Finance broker alleges loan applications to 3rd tier lenders are being rejected because of payday loans, with finance company boss saying payday loans are often a sign someone has financial problems
FinCap says government should be taking a tougher stance against loan sharks