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responsible lending

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
Mortgage broker Squirrel unveils home loans requiring a deposit as low as 5% targeted at first home buyers in cities who are on good incomes but can't rely on parental support
21st Apr 21, 7:38am
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Mortgage broker Squirrel unveils home loans requiring a deposit as low as 5% targeted at first home buyers in cities who are on good incomes but can't rely on parental support
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
Citi banking analysts see growing optimism in Australia's housing and mortgage markets
10th Nov 20, 9:32am
Citi banking analysts see growing optimism in Australia's housing and mortgage markets
Bell Gully poses the question of whether NZ will follow Australian move to ease responsible lending rules as Morgan Stanley assesses the impact of the move on the parents of NZ's big four banks
29th Sep 20, 9:37am
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Bell Gully poses the question of whether NZ will follow Australian move to ease responsible lending rules as Morgan Stanley assesses the impact of the move on the parents of NZ's big four banks
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
ANZ NZ CEO Antonia Watson says some government working capital support in response to coronavirus outbreak might be useful, bank in a very good position from a liquidity and funding sense
10th Mar 20, 1:44pm
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ANZ NZ CEO Antonia Watson says some government working capital support in response to coronavirus outbreak might be useful, bank in a very good position from a liquidity and funding sense
ANZ NZ to pay customers more than $35 million after admitting a breach of its responsible lending obligations in relation to a coding error within a loan calculator
2nd Mar 20, 1:35pm
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ANZ NZ to pay customers more than $35 million after admitting a breach of its responsible lending obligations in relation to a coding error within a loan calculator
Banks have reduced the interest rates they use to test mortgage borrowers' ability to repay loans this year, but are increasingly interested in borrowers' expenses as they calculate their ability to service loans
20th Dec 19, 5:00am
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Banks have reduced the interest rates they use to test mortgage borrowers' ability to repay loans this year, but are increasingly interested in borrowers' expenses as they calculate their ability to service loans
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
by Guest
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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
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
Macquarie analysts suggest BNZ's parent National Australia Bank and Westpac NZ's parent the Westpac Banking Corporation may be 'materially understating' their negative equity exposure
17th May 19, 9:57am
Macquarie analysts suggest BNZ's parent National Australia Bank and Westpac NZ's parent the Westpac Banking Corporation may be 'materially understating' their negative equity exposure
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
Interest-free 'buy now pay later' products such as Afterpay, PartPay, Laybuy and Oxipay, to remain outside the CCCFA, MBIE says
12th Oct 18, 10:58am
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Interest-free 'buy now pay later' products such as Afterpay, PartPay, Laybuy and Oxipay, to remain outside the CCCFA, MBIE says
As NZ regulators investigate banks' conduct & culture they should take a leaf out of ASIC's book and probe the credit card market too, Gareth Vaughan argues
5th Jul 18, 1:54pm
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As NZ regulators investigate banks' conduct & culture they should take a leaf out of ASIC's book and probe the credit card market too, Gareth Vaughan argues
Could Australia's banking Royal Commission be the catalyst for the country's Minsky moment?
10th Apr 18, 3:01pm
Could Australia's banking Royal Commission be the catalyst for the country's Minsky moment?
Could Australia's banking Royal Commission be the catalyst for a credit crunch, and potentially a recession?
27th Mar 18, 9:52am
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Could Australia's banking Royal Commission be the catalyst for a credit crunch, and potentially a recession?
The newly-minted Commerce and Consumer Affairs Minister commits to championing open banking, capping payday lenders' interest rates, and writing a code of conduct for the supermarket industry
4th Nov 17, 7:30am
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The newly-minted Commerce and Consumer Affairs Minister commits to championing open banking, capping payday lenders' interest rates, and writing a code of conduct for the supermarket industry
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
The banking industry is seeking the public's views on its proposed new, dramatically thinned down, Code of Banking Practice. But is the new Code too vague?
21st Jun 17, 5:02am
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The banking industry is seeking the public's views on its proposed new, dramatically thinned down, Code of Banking Practice. But is the new Code too vague?
A year after Aussie regulator moved against burgeoning growth of interest-only loans, RBNZ's still to make local data available
9th Nov 15, 5:03am
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A year after Aussie regulator moved against burgeoning growth of interest-only loans, RBNZ's still to make local data available
Voluntary Responsible Borrowing Code issued by NZ Federation of Family Budgeting Services as counterpart to lenders' new Responsible Lending Code
9th Jun 15, 12:02pm
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Voluntary Responsible Borrowing Code issued by NZ Federation of Family Budgeting Services as counterpart to lenders' new Responsible Lending Code
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
Banks, finance companies relaxed about final version of Responsible Lending Code. Focus now on Commerce Commission's enforcement
18th Mar 15, 4:15pm
Banks, finance companies relaxed about final version of Responsible Lending Code. Focus now on Commerce Commission's enforcement
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