Wake Up Call: equity markets slide again

Fri, 01 Oct 2021

Summary A raft of new rules aimed at protecting borrowers from loan sharks come into effect today. The future of seabed mining in NZ could be limited after a supreme court decision overturned a consent awarded to mine iron sand off Taranaki.Lending tightened New rules tightening consumer lending come into effect today, and will ensure better scrutiny of whether customers can afford to pay back the loan. The new rules also place more responsibility on directors and senior manager of lenders, who will need to exercise due diligence to e...

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