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.

From today, prescriptive loan affordability requirements have been removed from Credit Contracts and Consumer Finance Act (CCCFA) regulations.

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).

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.

The Government has announced a two-phased package of reforms to streamline financial services.

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.