News | Business
11 Sep 2024 5:37
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    ???1;

    ???1;


    Cabinet has agreed to make more changes to the Credit Contracts and Consumer Finance Act.

    Lenders will be given more leeway over poor disclosure, and directors and senior managers will no longer be personally liable for breaches.

    Lenders will need to be licensed with the Financial Markets Authority, which will oversee the sector.

    Banking Association Chief Executive, Roger Beaumont, says they support a twin peaks model -- with two key regulators.

    He says that's the Reserve Bank for financial or credential matters, and the FMA on conduct.

    Beaumont says anything that simplifies and clarifies that monitoring process, is a good thing.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     10 Sep: A devastating blow for more than 200 workers - as two North Island mills confirm closure
     10 Sep: More evidence of the scale of the winter energy shortage
     10 Sep: Rating agencies and Africa: the absence of people on the ground contributes to bias against the continent – analyst
     10 Sep: Synlait Milk will retain its North Island plants - after the company decided against selling the facilities, to restore its finances
     10 Sep: Submissions close today on potential name and spelling changes for two well known suburbs
     09 Sep: The Superfund's reported yet another record-high investment return -- now boasting a portfolio topping 76-billion dollars
     09 Sep: Are paid online surveys worth the time and effort?
     Top Stories

    RUGBY RUGBY
    Black Ferns 15s coach Alan Bunting is keen to see more Olympic sevens gold medalists jump format for next year's World Cup More...


    BUSINESS BUSINESS
    A devastating blow for more than 200 workers - as two North Island mills confirm closure More...



     Today's News

    International:
    Israeli air strikes leave craters in Gazan tent camp as dozens dead and injured 4:37

    International:
    In Georgia, Democrats fear a Republican-controlled board could try to 'rig' the 2024 US election 4:37

    Living & Travel:
    Pope Francis holds mass for hundreds of thousands in Timor-Leste 22:17

    Rugby League:
    The Warriors NRL-W side have made their first signing ahead of their return to the competition next year 21:57

    Soccer:
    All Whites captain Chris Wood believes the side is capable of getting results against top-ranked opposition once again 21:17

    Soccer:
    All Whites captain Chris Wood's delivered a frank assessment of his performance against Mexico 18:57

    Law and Order:
    A Tauranga man has been given seven months home detention - for possessing extreme child sexual exploitation material 18:37

    Law and Order:
    Phillip Polkinghorne's become emotional in court today - as his wife's old emails were read out 18:07

    Cricket:
    The White Ferns will head into next month's T20 World Cup in the UAE with a fresh perspective 17:37

    Motoring:
    Bulldogs general manager Phil Gould is failing to rule out that Josh Addo-Carr misled the club regarding his failed drug test 17:37


     News Search






    Power Search


    © 2024 New Zealand City Ltd