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17 May 2022 16:12
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  •   Home > News > Business

    Calls for an investigation into new home loan regulations be brought forward amid concerns

    Calls for an investigation into new home loan regulations be brought forward amid concerns


    Changes to the Credit Contracts and Consumer Finance Act were brought in late last year with officials saying it would mean better protection against unaffordable debt and high cost loans.

    But instead some people are reporting having mortgage applications knocked back for spending habits including buying takeaways and domestic travel.

    Commerce and Consumer Affairs Minister David Clark's asked the Council of Financial Regulators to bring forward their investigation into whether banks and lenders are implementing changes as intended.

    © 2022 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    Blues midfielder Rieko Ioane has been ruled out of this weekend's Super Rugby Pacific match against the Brumbies in Canberra with a hamstring strain More...


    BUSINESS BUSINESS
    Should you leave your money in superannuation or put it towards a deposit for a first home? More...



     Today's News

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    Law and Order:
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    Entertainment:
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    Law and Order:
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    Cricket:
    She'll be padding up either way but whether it's hockey or cricket is still to be determined for Canterbury's Kirsty Nation 14:30


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