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6 Feb 2025 3:59
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      Home > News > Politics

    A shake up to banking laws, with new rules to make lending easier

    A shake up to banking laws, with new rules to make lending easier


    The Credit Contracts and Consumer Finance Act was introduced in 2021, aiming to stop exploitative borrowing.

    But new Minister, Andrew Bailey says it's had bad side-effects for those seeking loans.

    CEO of Money Sweetspot Sasha Lockley says the legislative back-and-forth has been confusing.

    She says people haven't been able to access loans, while others have been offered ones they cant afford.

    © 2025 Newstalk ZB, NZCity

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     05 Feb: Some groups of people are expected to be hit harder by rising unemployment, than others
     04 Feb: A former Treasury director says corporate tax cuts could be a good idea
     04 Feb: Trump’s Project 2025 agenda caps decades-long resistance to 20th century progressive reform
     04 Feb: Winston Peters says any shipyard able to build us two medium-sized ferries should step forward now
     Top Stories

    RUGBY RUGBY
    The return of veteran All Blacks playmaker Beauden Barrett is being felt at the Blues as they plot their defence of the Super Rugby Pacific title More...

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    Strikes today and Friday by medical lab workers - could lead to five straight days of testing site shortages countrywide More...


     Today's News

    		 Accident and Emergency:
    One person is understood to have critical injuries after a collision between a car and a motorbike on the Hawke's Bay Expressway 21:57

     Entertainment:
    Lady Gaga gets so "vulnerable" on her upcoming album 'Mayhem' that just speaking about it makes her want to "cry" 21:34

     Rugby:
    The return of veteran All Blacks playmaker Beauden Barrett is being felt at the Blues as they plot their defence of the Super Rugby Pacific title 21:17

     International:
    Do you really need a top sheet in bed? 21:07

     Entertainment:
    Kanye West left the Grammy Awards just minutes after walking the red carpet with his partner Bianca Censori 21:04

     Entertainment:
    Taylor Swift changed her tour costumes to incorporate designs shared online by her fans 20:34

     Politics:
    Key takeaways from Donald Trump and Benjamin Netanyahu's press conference in Washington DC 20:07

     Entertainment:
    Pamela Anderson admits she was "beating [herself] up" for not working "hard enough" before making her comeback in 'The Last Showgirl' 20:04

     Entertainment:
    Julia Fox would drop everything to be in anything Charli XCX does 19:34

     Entertainment:
    Cyndi Lauper will never resort to using weight loss jabs 19:04

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