WebJan 31, 2024 · A group of government regulators, led by the Ministry of Business, Innovation and Employment (MBIE), will provide Clark with preliminary analysis of the Credit Contracts and Consumer Finance Act (CCCFA) by mid-February, ahead … WebMar 14, 2024 · It seems Consumer Affairs Minister David Clark listened to the backlash from banks, mortgage brokers and customers - including 10,000 people who signed a petition. Late last week he announced changes to the new CCCFA rules that will hopefully keep the pressure on the loan sharks but allow banks to lend with more normal levels of information.
“CCCFA” obligations – lenders, make sure you comply!
WebJan 25, 2024 · Changes under the Credit Contracts and Consumer Finance Act (CCCFA) from December 1, aim to protect consumers from unaffordable debt, requiring lenders to ensure loans are suitable and affordable. WebFeb 6, 2024 · Changes introduced under the Credit Contracts and Consumer Finance … marion county indiana gis maps
What the recent CCCFA lending rule changes mean for …
WebMar 10, 2024 · The CCCFA sets out rules that lenders must follow when lending you money. A range of new rules have kicked in over the past two years following a government review of the legislation in 2024. These … WebRules banks and other lenders must follow to make sure loans and credit are affordable and meet your needs. On this page Key rules for lenders Lenders must act in line with responsible lending principles set out in the Credit Contracts and … WebMar 11, 2024 · Lending rules that hit credit approvals to be eased, government announces 9:12 am on 11 March 2024 Share this The government has moved to change new lending rules blamed for causing creditworthy borrowers being refused loans and causing a credit crunch. Consumer Affairs Minister David Clark. Photo: RNZ / Samuel Rillstone marion county indiana gis property tax