Jumping the loan shark

Jumping the loan shark
Can David Clark rehabilitate his reputation by sorting out this mortgage muddle? (Image: Getty)
Paul McBeth
Changes to consumer credit laws were pitched as being a way to loosen the noose around the necks of the country’s most vulnerable borrowers by running predatory lending out of town.And to be fair to Kris Faafoi, who oversaw the legislative changes, it will largely do just that.However, in a classic case of bureaucratic overreach, it’s also stretched into middle New Zealand’s pockets by hitting prospective home buyers with reams of paperwork and forensic investigations into what takeaways a potential mortgage holder may or may...

More Opinion

IPOs: Baby Come Back
Opinion

Simon Robertson: IPOs: Baby Come Back

With IPOs, there's no steady state, just opportunities. 

Simon Robertson 14 Jun 2025
The pragmatism behind the WorkSafe reforms
Law & Regulation

Mike Mercer: The pragmatism behind the WorkSafe reforms

The greatest risk right now is not the reform itself, but how it is being received.

Mike Mercer 13 Jun 2025
Will Paypal co-founder Max Levchin return?
Opinion

Robbie Paul: Will Paypal co-founder Max Levchin return?

The golden age of golden visas is dawning in New Zealand.

Robbie Paul 12 Jun 2025
The rise of 'vibe coding'
Opinion

Peter Griffin: The rise of 'vibe coding'

Vibe coding could become the most efficient way to prototype new products.

Peter Griffin 11 Jun 2025