Review of consumer credit law
We are reviewing consumer credit law to ensure consumers are protected from irresponsible lending practices and debt-spirals. This section also includes information about previous reviews of consumer credit law.
In this section
The Government has made law changes to the Credit Contracts and Consumer Finance Act, and is developing new regulations. This follows our 2018 review of the consumer credit law.
This page summarises the changes to the consumer credit laws that resulted from the review that took place between 2009 and 2015.
The Government has decided to amend section 99(1A) of the Credit Contracts and Consumer Finance Act (CCCFA).