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responsible lending

[updated]
Amendments to the troubled credit rule changes last year will come into force on July 7, but the NZ Bankers' Association says the 'rushed' attempt to fix the problems won't make things easier for would-be borrowers
9th Jun 22, 10:31am
34
Amendments to the troubled credit rule changes last year will come into force on July 7, but the NZ Bankers' Association says the 'rushed' attempt to fix the problems won't make things easier for would-be borrowers
Gareth Vaughan looks at how and why a risk-off mindset is dominating at NZ's major banks
18th May 22, 1:52pm
1
Gareth Vaughan looks at how and why a risk-off mindset is dominating at NZ's major banks
CEO Dan Huggins says despite the weaker housing market, BNZ retains the appetite to grow lending; - responsibly
6th May 22, 10:35am
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CEO Dan Huggins says despite the weaker housing market, BNZ retains the appetite to grow lending; - responsibly
MBIE highlights where it sees lenders' interpretation and implementation of credit contracts and consumer finance regulations as too onerous and restrictive
8th Apr 22, 9:38am
MBIE highlights where it sees lenders' interpretation and implementation of credit contracts and consumer finance regulations as too onerous and restrictive
Opinion divided over how much more easily borrowers will be able to access credit under proposed changes to the CCCFA
11th Mar 22, 4:36pm
10
Opinion divided over how much more easily borrowers will be able to access credit under proposed changes to the CCCFA
David Clark unveils changes to responsible lending rules aimed at curbing unintended consequences of the Credit Contracts & Consumer Finance Act
11th Mar 22, 6:55am
by admin
116
David Clark unveils changes to responsible lending rules aimed at curbing unintended consequences of the Credit Contracts & Consumer Finance Act
Simon Jensen probes how financial regulations are put together in New Zealand, asking whether it's parliamentary democracy at work or benign dictatorship by officials
23rd Feb 22, 11:50am
27
Simon Jensen probes how financial regulations are put together in New Zealand, asking whether it's parliamentary democracy at work or benign dictatorship by officials
ASB's Vittoria Shortt sees 'clear' impact from credit contracts & consumer finance law changes, says there's no moral attachment to lending decisions
10th Feb 22, 8:12am
88
ASB's Vittoria Shortt sees 'clear' impact from credit contracts & consumer finance law changes, says there's no moral attachment to lending decisions
Early criticism of the effect credit contracts law changes are having on first home buyers may be misplaced
8th Feb 22, 1:21pm
155
Early criticism of the effect credit contracts law changes are having on first home buyers may be misplaced
Will changes to credit contracts and consumer finance laws lead to a government-induced credit crunch or protect borrowers from predatory lending?
16th Dec 21, 5:00am
69
Will changes to credit contracts and consumer finance laws lead to a government-induced credit crunch or protect borrowers from predatory lending?
Government consultation paper floats three options for addressing financial hardship caused by the buy now, pay later sector
9th Nov 21, 6:35pm
17
Government consultation paper floats three options for addressing financial hardship caused by the buy now, pay later sector
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
1
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
1
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
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
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
19
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
3
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
25
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
5
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
9
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
1
Interest-free 'buy now pay later' products such as Afterpay, PartPay, Laybuy and Oxipay, to remain outside the CCCFA, MBIE says