TMM - News

National plans to stop banks’ intrusive questions to borrowers

Thursday 17th of August 2023

The party’s Commerce and Consumer Affairs spokesman Andrew Bayly says it will stop banks asking intrusive questions about borrowers’ spending habits when they apply for a loan.

Under the law banks have to go further than ever before to check that they are lending responsibly and can't rely on the information given.

National will narrow the scope of the CCCCFA, wh...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.