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.