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9 May 2024 7:46
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      Home > News > Politics

    The Government's taking a bite out of loan sharks

    The Government's taking a bite out of loan sharks


    The Credit Contracts Legislation Amendment Bill has passed its third reading.

    Commerce and Consumer Affairs Minister Kris Faafoi says too many Kiwis get unaffordable and unsuitable loans - trapping them in debt.

    The new legislation is taking effect on April 1, 2021.

    © 2024 Newstalk ZB, NZCity

     Other Politics News
     08 May: Transpower is assuring people there's no risk to the power supply despite one company suggesting there was
     08 May: Manual cars will still be around for years to come despite suggestions new models will soon stop
     08 May: Federal government announces plans to spend up to $18 billion on northern Australia defence bases in coming decade
     08 May: Suspended Green MP, Darleen Tana, has been removed the Party's website
     08 May: A King's Council who complained about tikanga Maori being made compulsory in law studies, is hopeful a Government committee listens to his concerns
     08 May: A birthing centre in Lower Hutt that controversially closed three years ago, could reopen with new funding
     07 May: The Ministry of Disabled People deliberately chose not to give advanced warning about its funding changes
     Top Stories

    RUGBY RUGBY
    Relief for the Crusaders and All Blacks coaches More...

    BUSINESS BUSINESS
    Fancy a steak in your next shake? More...


     Today's News

    		 Cricket:
    An extraordinary run-chase in cricket's Indian Premier League 7:37

     Auckland:
    Four people are moderately injured after a crash in Auckland's Titirangi, early this morning 7:27

     Law and Order:
    Witnesses to a fatal shooting in Auckland's Ponsonby on Sunday night say the killer was refused entry to a local bar before it happened 7:17

     Entertainment:
    Elijah Wood has paid a touching tribute to his late 'Lord of the Rings' co-star Bernard Hill 7:15

     Law and Order:
    Police admit they may never know exactly what happened in Sunday night's fatal shooting in Auckland's Ponsonby Road 7:07

     Health & Safety:
    Fresh calls for the bowel cancer screening age to be lowered further 7:07

     Entertainment:
    Sheridan Smith feels 'heartbroken' over the decision to close her West End play two months early 6:45

     Health & Safety:
    There's been an alarming rise of bowel cancer rates in younger Kiwis 6:27

     Entertainment:
    Nicola Coughlan was left "devastated" when she lost friends in her twenties 6:15

     Business:
    Fancy a steak in your next shake? 21:57

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