Media Appearances

Media Appearances

Interest.co.nz - Changes to consumer lending rules from December 1 bring increased requirement to verify borrower information and assess suitability

- Roger Beaumont, CEO of bank lobby group the New Zealand Bankers’ Association, said; “banks are responsible lenders, and we support the aims of the law changes to help people avoid taking on unaffordable debt. We also think it’s important that people are prepared for what the law change will mean for them when they apply... Read more »
Media Appearances

Autofile - Fresh guidance on new lending laws

- “We also think it’s important that people are prepared for what the law change will mean for them when they apply for a loan. Customers will have to provide more information and lenders will need to do more to check it’s correct, which will make the whole process longer.”
Media Appearances

Good Returns - Bankers Association agrees rules can be difficult

- “As an industry we sometimes find implementing deadlines can be challenging,” Beaumont said. “For example, the law sets a compliance date but the more detailed regulations or guidance are not available until close to the deadline.”