Media Appearances
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Media Appearances
Media Appearances
Otago Daily Times - Mortgage approvals in South contract
- The New Zealand Bankers’ Association warned the Government as far back as 2019 that changes to lending laws could cut people off from mortgages they could likely afford to pay.
Media Appearances
NZ Herald - Government had three years of warnings new credit rules would shut out borrowers
- “We welcome any investigation into the unintended consequences of the new lending rules. In our submissions on the CCCFA law change and new regulations we’ve set out our concerns all along the way.”
Media Appearances
The Guardian - New Zealand banks reject home loans over spending on Christmas gifts and pets as tighter rules hit
- The New Zealand Bankers’ Association chief executive Roger Beaumont told Stuff the law change meant banks had “much less flexibility or room for lender discretion than was previously the case.”
Media Appearances
Stuff - Home loan changes: Are the banks taking the rules too far?
- “Banks are very much in the business of lending. They are also responsible lenders and take requirements to comply with the law very seriously.”
Media Appearances
NZ Herald - ‘It’s ridiculous’: 27 days before bank picks up home loan application
- “The new [CCCFA] rules are fairly tight and there’s much less flexibility or room for lender discretion than was previously the case. For example, you might need to provide evidence of recent transactions so your bank can get a clear idea of your debts and expenses. This means it will take longer to get a... Read more »
Media Appearances
Stuff - David Seymour calls for inquiry into ‘unintended consequences’ of loan law changes
- While the New Zealand Bankers Association warned in its submission that proposed laws changes “may” lead to more conservative lending, Watson told MPs it was inevitable.
Media Appearances
Stuff - Government emissions reduction plan not ambitious enough
- Recent submissions on the government’s Emissions Reduction Plan (ERP) from the Sustainable Business Council (SBC), New Zealand Bankers’ Association (NZBA) and Toitū Tahua, the Centre for Sustainable Finance (TT CSF), show an extraordinary willingness among the private sector to engage collaboratively with government on the climate transition and emissions reductions pathways.
Media Appearances
Stuff - Credit crunch: Mortgage brokers hit back at lending rule changes
- “The law change was meant to help vulnerable consumers avoid unaffordable debt. It’s also affecting people seeking home loans, where there are traditionally very low rates of borrowers being unable to make repayments. That’s still the case, but the law change has tightened banks’ ability to lend.”
Media Appearances