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FMA talking to Commerce Commission about how consumer credit legislation will apply to peer-to-peer lending

Personal Finance
FMA talking to Commerce Commission about how consumer credit legislation will apply to peer-to-peer lending
<a href="http://www.shutterstock.com/">Image sourced from Shutterstock.com</a>

By Gareth Vaughan

Peer-to-peer payments, set to be up and running in New Zealand during the next few months, won't completely sidestep consumer credit law, which is undergoing a major shake-up via the Credit Contracts and Financial Services Law Reform Bill.

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