Media Appearances

Media Appearances

NZ Adviser - Government tweaks controversial CCCFA lending laws

- Roger Beaumont, chief executive of the New Zealand Bankers’ Association, said that while the government “identified some of the main pain points for consumers,” ’it is “not clear the changes … will move the dial enough to make a difference.”
Media Appearances

Bloomberg - New Zealand Banks Urge RBNZ to Delay New Lending Restrictions

- “The combination of LVR restrictions, CCCFA changes, increasing interest rates and taxation changes in particular appear to be having the effect of slowing growth in the home-lending market,” the Association said in its submission. These changes “may have resolved the problem that DTIs would be designed to address,” it said.
Media Appearances

NZ Herald - Government’s controversial home lending rules: Minister David Clark announces tweaks less than four months after law change

- “We’d like to see the new rules work in a way that doesn’t restrict access to responsible lending for consumers who can afford it, while ensuring vulnerable consumers are protected from high-cost credit that may not suit their circumstances. These changes maintain the one-size fits all approach that hasn’t worked so far.”