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2 Jul 2025 13:19
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  •   Home > News > Business

    It may be some time before new changes to consumer finance laws are reviewed

    It may be some time before new changes to consumer finance laws are reviewed


    As of December, banks can crack down on borrowers spending, before loans are approved.

    It means even your weekly coffees can have an impact on how much you can borrow.

    Financial Advice New Zealand has written to Commerce Minister David Clark, requesting an urgent meeting ... but hasn't yet heard back.

    A Government spokesperson says officials are aware of the concerns, and MBIE will be engaging further with lenders and consumer advocates ... once the new law has had a chance to settle in.

    © 2025 Newstalk ZB, NZCity

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    BUSINESS BUSINESS
    The Commerce Commission's issued a warning to Foodstuffs North Island, over an alleged breach of the Grocery Supply Code More...



     Today's News

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    Entertainment:
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    Entertainment:
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    Law and Order:
    Police are preparing to investigate a Gore toddler's death - for a third time 12:27

    Entertainment:
    James Norton is "crazily grateful" for the "pain" of his split from Imogen Poots 12:06

    Rugby League:
    Former Kiwis captain turned pundit Richie Barnett has explained why the Warriors can still finish in the NRL's top four, despite halfback Luke Metcalf's season-ending knee injury 11:57

    Law and Order:
    Cordons are up around a home in Auckland's Ponsonby - where a person was found dead last night 11:47

    Entertainment:
    Rihanna's father died of cancer and other serious illnesses 11:36

    Rugby League:
    The Dolphins now have eight of their top-30 NRL league squad absent with long-term injuries after scans on in-form playmaker Kodi Nikorima's hamstring 11:07

    Entertainment:
    Sir David Beckham has had an operation to repair a broken wrist he suffered in 2003 11:06


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