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Loan sharks

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
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
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
30th Sep 19, 8:41am
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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
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
Commerce Commission says harsher penalties will provide unscrupulous lenders with an incentive to comply with the Credit Contracts and Consumer Finance Act
25th Jun 19, 5:00am
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
22nd Jun 19, 9:01am
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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
23rd May 19, 10:19am
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
15th Apr 19, 11:29am
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
13th Apr 19, 9:46am
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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
8th Apr 19, 3:22pm
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FinCap says government should be taking a tougher stance against loan sharks
Commerce and Consumer Affairs Minister Kris Faafoi sticks to position that cap on total interest and fees will be most effective way to combat 'unscrupulous' lenders
12th Mar 19, 10:32am
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Commerce and Consumer Affairs Minister Kris Faafoi sticks to position that cap on total interest and fees will be most effective way to combat 'unscrupulous' lenders
Salvation Army’s State of the Nation report lumps debt and fringe lending in with alcohol consumption, drug taking and gambling in the social hazards section
13th Feb 19, 3:14pm
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Salvation Army’s State of the Nation report lumps debt and fringe lending in with alcohol consumption, drug taking and gambling in the social hazards section
Benefits of making lenders disclose the effective cost of credit, by combining interest rates & fees, deemed not sufficient to warrant the costs and complexities, MBIE says
1st Nov 18, 2:25pm
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Benefits of making lenders disclose the effective cost of credit, by combining interest rates & fees, deemed not sufficient to warrant the costs and complexities, MBIE says
MBIE strongly opposed to the introduction of a comprehensive creditor licensing regime as part of government's loan shark crackdown
23rd Oct 18, 2:51pm
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MBIE strongly opposed to the introduction of a comprehensive creditor licensing regime as part of government's loan shark crackdown
Loan shark crackdown includes interest & fee caps, fit & proper person test and tougher penalties, Commerce & Consumer Affairs Minister Kris Faafoi says
10th Oct 18, 10:10am
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Loan shark crackdown includes interest & fee caps, fit & proper person test and tougher penalties, Commerce & Consumer Affairs Minister Kris Faafoi says
Gareth Vaughan argues the flawed Financial Service Providers' Register is a factor in consumer lending problems & it should be dumped with consumer lenders licensed
29th Jun 18, 5:00am
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Gareth Vaughan argues the flawed Financial Service Providers' Register is a factor in consumer lending problems & it should be dumped with consumer lenders licensed
Ministry of Business, Innovation & Employment discussion paper details how caps on consumer lender's interest rates and fees might work
28th Jun 18, 10:21am
Ministry of Business, Innovation & Employment discussion paper details how caps on consumer lender's interest rates and fees might work
Government to strengthen consumer credit laws as it aims to stop people getting caught in 'appalling debt spirals' that are very difficult to escape
27th Jun 18, 10:00am
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Government to strengthen consumer credit laws as it aims to stop people getting caught in 'appalling debt spirals' that are very difficult to escape
David Chaston reviews the effective cost of credit, being interest plus standard fees, of taking out a payday loan
15th Nov 17, 7:48am
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David Chaston reviews the effective cost of credit, being interest plus standard fees, of taking out a payday loan
Ex-TV reporter Kris Faafoi replaces former Play School host Jacqui Dean as Minister of Commerce & Consumer Affairs
26th Oct 17, 3:14pm
Ex-TV reporter Kris Faafoi replaces former Play School host Jacqui Dean as Minister of Commerce & Consumer Affairs
Labour Consumer Affairs spokesman Michael Wood says a Labour-led government may cap interest rates & wants Commerce Commission 'properly resourced' to protect consumers
20th Sep 17, 11:40am
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Labour Consumer Affairs spokesman Michael Wood says a Labour-led government may cap interest rates & wants Commerce Commission 'properly resourced' to protect consumers
Minister Paul Goldsmith says Responsible Lending Code doesn't drill down to the nth degree of detail, expects Commerce Commission to seek clarity in court
19th Mar 15, 4:15pm
Minister Paul Goldsmith says Responsible Lending Code doesn't drill down to the nth degree of detail, expects Commerce Commission to seek clarity in court
Loan sharks and 'unscrupulous' payday lenders key targets as government releases Responsible Lending Code
17th Mar 15, 11:03am
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Loan sharks and 'unscrupulous' payday lenders key targets as government releases Responsible Lending Code
BNZ requests delay to introduction of Government's Responsible Lending Code
17th Feb 15, 4:15pm
BNZ requests delay to introduction of Government's Responsible Lending Code