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CCCFA terms released; Bank bosses summoned to Beehive

The government has approved Terms of Reference for an enquiry into the Credit Contracts and Consumer Finance Act (CCCFA), after earlier suggesting they would not be necessary.

Mon, Jan 31st 2022 08:59PM

TMM - News

Inflation likely to continue - bank economists

CCCFA bad law but huge growth in credit is the bigger picture

2 min read

Financial prudence varies across the country

People in Tasman and Nelson are more likely to save their money and pay their bills on time than New Zealanders generally, according to new research.

2 min read

Financial prudence varies across the country

ASB warns of high inflation, falling house prices

ASB is warning of continuing challenges from Covid 19, high inflation and worker shortages this year.

2 min read

ASB warns of high inflation, falling house prices

Non-bank lenders add their voice to over CCCFA woes

Non bank lenders have added their voice to a chorus of complaints about the Credit Contracts and Consumer Finance Act (CCCFA).

3 min read

Non-bank lenders add their voice to over CCCFA woes

Low key CCCFA enquiry starts

The enquiry into the Credit Contracts and Consumer Finance Act (CCCFA) has started but it appears to be reasonably low key.

2 min read

Advisers inundated with policy changes by banks

Changes in bank procedures are coming through thick and fast as banks scramble to keep up with a flood of regulatory changes.

3 min read

Advisers inundated with policy changes by banks

Mortgage advisers closely watching CCCFA enquiry

Mortgage advisers are pleased the Government has requested an enquiry into the Credit Contracts and Consumer Finance Act (CCCFA) but insist it must be robust and look closely at the wording and intent of the Act itself.

3 min read

Mortgage advisers closely watching CCCFA enquiry

Job market an inflation risk: ANZ

Interest rates could be pushed even higher if ANZ forecasts on unemployment come to fruition.

2 min read

CCCFA cuts mortgage acceptances by 23%

New information suggests the Credit Contracts and Consumer Finance Act (CCCFA) is already biting sharply into people's ability to get a mortgage.

2 min read

Non-bank deposit takers fail to elude latest Govt crackdown

Non-bank deposit takers, which includes some non-bank lenders have failed in their attempt to dodge the latest Government crackdown on the financial sector.

3 min read

Non-bank deposit takers fail to elude latest Govt crackdown

Mortgage lending likely to ease this year: CoreLogic

The property research firm CoreLogic thinks bank lending for mortgages is likely to ease off this year.

2 min read

Mortgage lending likely to ease this year: CoreLogic

Select Committee may look at CCCFA next month

Critics of the Credit Contracts and Consumer Finance Act (CCCFA) will have to wait a month and maybe more to learn what if anything politicians will do about it.

2 min read

Select Committee may look at CCCFA next month

CCCFA “not understood” by politicians

The ACT Party believes the Credit Contracts and Consumer Finance Act (CCCFA) was not properly understood when it went through parliament and is now asking for a review.

2 min read

Avanti and FMT numbers revealed

Two non-bank lenders included in KPMG survey show strong growth

2 min read

Industry wants minister's ear over CCCFA

Financial Advice New Zealand is seeking an urgent meeting with the Minister of Commerce and Consumer Affairs as the impact of the CCCFA continues to snowball.

2 min read