Money Week

The theme for the 2018 Money Week is ‘Weather the Storms’ – the aim behind this theme is for people to have enough financial resilience to be able to respond to the curve balls life can throw you at times.  Money Week will be 3-9th September 2018. Keep an eye out for local events.

Credit Contracts and Consumer Finance Act

The Credit Contracts and Consumer Finance Act is being reviewed. A discussion paper is due to be released soon, you can register your email address so you are notified when the discussion paper is released. Go to the Ministry of Business, Innovation and Employment website to register.

http://www.mbie.govt.nz/info-services/consumer-protection/review-of-the-credit-contracts-and-consumer-finance-act

Reforms were made in 2015, and feedback has implied that the reforms have not done enough to increase responsible lending so they are reviewing the legislation again. This is a chance to make more robust changes.