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20 May 2022 0:48
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  •   Home > News > Business

    It may be some time before new changes to consumer finance laws are reviewed

    It may be some time before new changes to consumer finance laws are reviewed


    As of December, banks can crack down on borrowers spending, before loans are approved.

    It means even your weekly coffees can have an impact on how much you can borrow.

    Financial Advice New Zealand has written to Commerce Minister David Clark, requesting an urgent meeting ... but hasn't yet heard back.

    A Government spokesperson says officials are aware of the concerns, and MBIE will be engaging further with lenders and consumer advocates ... once the new law has had a chance to settle in.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     19 May: The Finance Minister's leaving the door open for extending a new cost of living payment
     19 May: The Finance Minister says his Budget strikes a balance... during tough times for many Kiwis
     19 May: Not the best news for the Northern Mystics leading into the business end of the ANZ netball Premiership
     19 May: New Zealand has a productivity problem
     19 May: Countdown is defending the price of cheese -- following its recent decision to freeze the price of many essential goods
     18 May: The A2 Milk Company says it will vigorously defend itself against a class action
     18 May: A class action has been filed against A2 Milk
     Top Stories

    RUGBY RUGBY
    A huge opportunity for eight men's kayakers to test themselves on the international stage this weekend More...


    BUSINESS BUSINESS
    The Finance Minister's leaving the door open for extending a new cost of living payment More...



     Today's News

    International:
    Ukrainian fighters in Mariupol's Azovstal steelworks have surrendered to Russian troops. Here's what happens next 23:20

    Business:
    The Finance Minister's leaving the door open for extending a new cost of living payment 21:50

    Golf:
    American golfer Jordan Spieth will try to become the sixth player in history to complete the career Grand Slam at this week's PGA Championship in Oklahoma 21:20

    Motoring:
    Australia's Caleb Ewan withdraws from Giro d'Italia ahead of stage 12 21:00

    International:
    The Loop: Labor's policy costings revealed, Pauline Hanson gets COVID, how to get involved in our live election Q+A 20:10

    Living & Travel:
    A huge opportunity for eight men's kayakers to test themselves on the international stage this weekend 19:00

    Law and Order:
    A Wellington man's been banned from fishing and sentenced to home detention for his part in gathering 319 paua to sell 18:30

    International:
    The latest COVID-19 case numbers from around the states and territories 18:00

    Politics:
    The Maori Party is calling for on the Government for bolder ideas to tackle inequality 18:00

    Rugby:
    Sevu Reece loves what the Fijian Drua could possibly do for rugby in the island nation ahead of playing them for the first time 17:50


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