Consultation has opened on the draft updated Responsible Lending Code (Code).

Public submissions are now open on some additional guidance for the Responsible Lending Code.

Public submissions are now open on some additional guidance for the Responsible Lending Code.

We are seeking feedback on 2 exposure drafts, one on the Credit Contracts and Consumer Finance Amendment Regulations 2020 (the Regulations) and another on Chapter 5 of the Responsible Lending Code (the Code).

The Government has announced a final set of changes to the Credit Contracts and Consumer Finance Act (CCCFA) and the Responsible Lending Code to improve safe access to credit for Kiwis. The changes will be applied from 4 May 2023.

We are seeking feedback on an exposure draft of the Credit Contracts and Consumer Finance Amendment Regulations (No 2) 2022 (the Draft Regulations) and accompanying guidance in the Responsible Lending Code (the Draft Code).

The Ministry of Business, Innovation and Employment (MBIE) is asking for feedback on changes to the Credit Contracts and Consumer Finance Act (CCCFA) Regulations and the Responsible Lending Code.

Initial proposed changes to lending requirements announced by the Government today will help New Zealanders acquire credit safely and responsibly.

The Government will be reviewing consumer credit law to ensure settings are targeted appropriately to the risk profile of the lending. MBIE is developing terms of reference for the review. This section also includes information about previous reviews of consumer credit law.

The Ministry of Business, Innovation and Employment (MBIE) has today announced that Joseph Liava’a will be reappointed for a second term as an Associate Commissioner at the Commerce Commission.