TMM - News

Non-bank deposit takers fail to elude latest Govt crackdown

Thursday 13th of January 2022

The Minister of Commerce and Consumer Affairs David Clark has responded to a request for exemption from the Conduct of Financial Institutions Bill (COFI), by the Financial Services Federation (FSF) with a polite version of 'Sorry, but not a chance.'

There are 18 registered NBDTs including Finance Direct, General Finance, Gold Band Finance, Liberty Financial and Xceda Finance. Th...

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