Govt makes more changes to lending regime

Consumer affairs minister David Clark has made more changes to lending regulations. (Image: Getty)

Tue, 02 Aug 2022

Further changes are being made to lending regulations to try to ease concerns borrowers are being unfairly penalised when applying for a loan.However, the New Zealand Bankers’ Association says the changes are the wrong option and won't take effect until next year. Consumer affairs minister David Clark today said more changes would be made to the Credit Contracts and Consumer Finance Act (CCCFA) regulations. This follows complaints that people who could afford to borrow money were being shut out and many were being subjected...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

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