The Government's tweaks to the responsible lending rules may not move the dial enough to make a difference to borrowers, a group representing New Zealand's banks says.
11/03/2022
It was meant to protect vulnerable borrowers from getting too deep into debt or being targeted by predatory lenders.
4/02/2022
Non-bank lenders are reporting a surge in mortgage inquiries in the wake of new lending rules, but those applications are not guaranteed success, Lyn McMorran, executive director of the Financial Services Federation says.
30/01/2022
The Financial Services Federation (FSF), the industry body for responsible non-bank lenders, has added to the chorus of disapproval by writing to Clark and officials outlining its concerns. "These laws do not just affect bank customers,
21/01/2022
Industry body wants to work with government to solve problems with new lending laws as vehicle loans plummet.
19/01/2022