Media Appearances

Good Returns - Second set of changes to CCCFA “wrong option” Bankers Assn

August 3, 2022 - “The best option presented to him would have been to target affordability regulations to riskier lending and lenders, as well as make changes to the penalties regime. Targeting affordability requirements to support those most at risk would provide them with appropriate protections as well as freeing up lending for those who can afford it.”

Business Desk - Govt makes more changes to lending regime

August 2, 2022 - “Targeting affordability requirements to support those most at risk would provide them with appropriate protections as well as freeing up lending for those who can afford it.”  

Stuff - Government makes further changes to responsible lending rules

August 2, 2022 - “The best option presented to him would have been to target affordability regulations to riskier lending and lenders, as well as make changes to the penalties regime.”

NZ Herald - Government unveils plans to further loosen consumer lending rules

August 2, 2022 - Roger Beaumont, NZBA chief executive, said it would have been better to target affordability regulations to riskier lending and lenders, as well as make changes to the penalties regime.

Stuff - ‘Dozens’ complain about battle to end direct debits, ombudsman says

July 22, 2022 - New Zealand Bankers’ Association chief executive Roger Beaumont said people could cancel a direct debit authority at any time through their banks and did not require the merchant’s permission to do so.

NZ Herald - Construction slowdown: New build inquiries drop by up to 80 per cent, more companies could go bust alongside job losses

July 20, 2022 - New Zealand Bankers’ Association chief executive Roger Beaumont said rising interest rates, albeit from historic lows, had a real impact on a borrower’s ability to afford repayments on a home loan. Another big factor was the consumer lending rule changes the Government brought in last December.

Interest.co.nz - New Zealand Bankers’ Association wants to see more detail on the role of finance in the Government’s Draft National Adaptation Plan

July 12, 2022 - NZBA suggests this in its submission to the Ministry for the Environment on the Government’s Draft National Adaptation Plan (NAP). It also says the NAP could be more ambitious, and should include more detail to be more effective.

Stuff - Responsible lending changes kick in, but banks doubt they will give mortgage lending a boost

July 7, 2022 - “We believe that by working with government and organisations like FinCap, we can find a way to both protect vulnerable consumers from unscrupulous lenders and ensure a less restricted flow of credit to those who can afford it.”

TVNZ - Changes to credit laws not enough, critics say

July 5, 2022 - “Our banks are telling me that approximately 10% of loans that would’ve been approved prior to December 1 are now being declined because of these regulations.”

NZ Herald - Housing affordability worst since 1957, impacted by high interests and house prices

June 23, 2022 - New Zealand Bankers’ Association chief executive Roger Beaumont said the current economic and regulatory environment certainly affected first-home buyers.