Latest News

CCCFA reforms: a return to commonsense

The reforms are a welcome return to commonsense and will make credit more accessible for all New Zealand consumers.

Banking study highlights crucial role of non-bank lenders

The Commerce Commission’s draft report on their market study into banking services has highlighted the crucial role non-bank lenders play in providing competition and innovation for Kiwi consumers.

CCCFA reforms are good news for Kiwi consumers

A new vision for the regulation of New Zealand’s overly complex financial services sector - one that recognises not all Kiwis are vulnerable consumers - is a step in the right direction, says the Financial Services Federation (FSF).

FSF Welcomes Afterpay to its membership

We are delighted to welcome Afterpay as our newest member, growing our base of responsible lenders that contribute to the important policy discussions and initiatives that make New Zealand one of the leading non-bank lending sectors in the world.

Game-changer for lending sector: Consumer Credit (Micro-credential) Level 5 launches

A gold standard has been set for lenders in New Zealand, with the launch of the NZQA approved Consumer Credit (Micro-Credential) Level 5 course.

Govt provides statutory relief for mortgage holders

The Financial Services Federation (FSF) is encouraging the government to reconsider the decision of a statutory relief package that only considers homeowners affected by the extreme weather event.

Changes to CCCFA and CoFI open opportunities

The FSF says it will work with Bayly and his officials to develop a CCCFA regime providing necessary protections to those consumers who need them, but which do not treat every borrower as vulnerable or incapable of managing their own finances.

FSF announces committee and chair

The Financial Services Federation (FSF) has announced its new executive committee, including Turners Automotive Group CEO Todd Hunter as chair.

Non-bank lenders launch Responsible Debt Collection Code

The FSF says its members know if they don't follow the Code it may take disciplinary action against them including revoking their FSF membership. The FSF says it has more than 92 members and affiliate members providing the likes of loans, leasing and

FSF Credit Excellence Awards winners revealed

The non-bank lending sector’s outstanding industry professionals took the spotlight at the Financial Services Federation’s biggest-ever, sold-out Crediting Excellence Awards evening.

Big banks' smalltown challengers find hope in profits inquiry

Expressing concern at the high profits pulled in by the Australian-owned banks, the Commerce Commission is surveying 2000 consumers about the impediments to them switching to local providers

Backpacker bank accounts hit by anti-money laundering rules

Working holiday visa holders have to jump through hoops to get a bank account because of anti-money laundering provisions which even the Reserve Bank say aren’t working.