Tweaks to new consumer lending rules released today won’t make much difference for most people seeking credit says the New Zealand Bankers’ Association. Changes to the Credit Contracts and Consumer Finance Act introduced last December had an immediate dampening impact on the availability of consumer credit. “The government’s rushed attempt to fix the problem hasn’t… Read more »
Month: June 2022
Draft National Adaptation Plan
Ministry for the Environment
‘Always on the lookout’: Anti-money laundering laws have made money transfers to the Pacific ‘unsafe’
“The drive for business is balanced with the need to identify and manage risk, including compliance with the regulatory framework in which they operate, especially AML-CFT legislation. These are commercial decisions for the banks themselves, made on a case-by-case basis,” Beaumont says.
Some NZ homeowners may hit negative equity if house prices drop 15%
“Banks want to keep people in their homes and there are often a range of personal solutions that banks can implement to support their customer’s individual circumstances.”
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