consumer debt
[updated]
Employees of failed BNPL lender Laybuy may miss out on money owed and holiday pay, despite being preferential creditors
17th Jul 24, 11:15am
3
Employees of failed BNPL lender Laybuy may miss out on money owed and holiday pay, despite being preferential creditors
Gareth Vaughan on a housing crisis, the NZ credit landscape, governments & 'shockflation,' EV wars, private jetting away from a firestorm & marking their own homework
3rd Jul 24, 10:08am
23
Gareth Vaughan on a housing crisis, the NZ credit landscape, governments & 'shockflation,' EV wars, private jetting away from a firestorm & marking their own homework
Centrix says all sectors have seen liquidations rise, with retail trade companies experiencing the largest increase annually followed by the property/rental and transportation sectors
2nd Jul 24, 6:58am
33
Centrix says all sectors have seen liquidations rise, with retail trade companies experiencing the largest increase annually followed by the property/rental and transportation sectors
Kiwibank exposed to the tune of $30 million as Laybuy goes under having failed to find buyer
17th Jun 24, 4:05pm
13
Kiwibank exposed to the tune of $30 million as Laybuy goes under having failed to find buyer
[updated]
Buy now pay later provider Laybuy suspends services and payments; not a security issue, founder says
14th Jun 24, 2:43pm
4
Buy now pay later provider Laybuy suspends services and payments; not a security issue, founder says
Financial mentor charity FinCap sees 'stress and strain' from people seeking financial support against a falling number of financial mentors and reduced funding
17th May 24, 5:00am
4
Financial mentor charity FinCap sees 'stress and strain' from people seeking financial support against a falling number of financial mentors and reduced funding
[updated]
The Reserve Bank says financial stress is building from very low levels with particular pressure on the commercial property sector
1st May 24, 11:08am
23
The Reserve Bank says financial stress is building from very low levels with particular pressure on the commercial property sector
Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
5th Mar 24, 5:00am
43
Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
Bank for International Settlements fires BNPL warning shot across the bow of those tasked with maintaining financial stability
8th Dec 23, 4:07pm
2
Bank for International Settlements fires BNPL warning shot across the bow of those tasked with maintaining financial stability
Credit bureau Centrix says company liquidations are on the rise, with credit defaults climbing 'across the board' in September
1st Nov 23, 5:00am
4
Credit bureau Centrix says company liquidations are on the rise, with credit defaults climbing 'across the board' in September
Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
26th Oct 23, 10:09am
2
Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
Equifax says consumer debt demand rose year-on-year in the September quarter, boosted by unsecured personal loans
26th Oct 23, 10:09am
2
Equifax says consumer debt demand rose year-on-year in the September quarter, boosted by unsecured personal loans
Non-bank lenders launch Responsible Debt Collection Code including guidance on when & how often they'll contact debtors
10th Oct 23, 2:00pm
2
Non-bank lenders launch Responsible Debt Collection Code including guidance on when & how often they'll contact debtors
If it looks like debt, let’s treat it like debt. Why ‘buy now, pay later’ schemes need firmer regulation in NZ
8th Sep 23, 9:30am
If it looks like debt, let’s treat it like debt. Why ‘buy now, pay later’ schemes need firmer regulation in NZ
Debt stress among young people and businesses rising, Centrix says, with borrowers aged under 25 appearing 'to be struggling quite consistently'
1st Sep 23, 5:00am
13
Debt stress among young people and businesses rising, Centrix says, with borrowers aged under 25 appearing 'to be struggling quite consistently'
Consumer NZ says being unable to save is now the reality for many New Zealanders
24th Aug 23, 11:23am
10
Consumer NZ says being unable to save is now the reality for many New Zealanders
Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good credit
9th Aug 23, 5:12pm
19
Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good credit
Commerce & Consumer Affairs Minister Duncan Webb pledges CCCFA review, exemptions for certain types of lending
8th Aug 23, 7:17pm
5
Commerce & Consumer Affairs Minister Duncan Webb pledges CCCFA review, exemptions for certain types of lending
Credit bureau Centrix says while homeowners contend with rising mortgage interest rates and the financial squeeze, business owners are grappling with lower activity and spending
4th Jul 23, 5:00am
70
Credit bureau Centrix says while homeowners contend with rising mortgage interest rates and the financial squeeze, business owners are grappling with lower activity and spending
Sharp rise in number of people getting behind on buy now lay later payments as overall consumer arrears climb
2nd May 23, 5:00am
23
Sharp rise in number of people getting behind on buy now lay later payments as overall consumer arrears climb
Cutting off the insolvent: NZ banks close accounts for bankrupts
The Government's had another go at fixing problematic credit rules it first implemented nearly 18 months ago, but the bankers are still not thrilled
12th Apr 23, 1:57pm
6
The Government's had another go at fixing problematic credit rules it first implemented nearly 18 months ago, but the bankers are still not thrilled
Grant Halverson on the rise and fall of the buy now pay later sector and what the future may hold for it
5th Mar 23, 6:30am
28
Grant Halverson on the rise and fall of the buy now pay later sector and what the future may hold for it
Credit bureau Centrix says the current economic climate is 'putting pressure on households across New Zealand'
1st Mar 23, 5:00am
23
Credit bureau Centrix says the current economic climate is 'putting pressure on households across New Zealand'
[updated]
Credit bureau Centrix says loan arrears rates are rising but remain behind historic levels
1st Feb 23, 5:00am
20
Credit bureau Centrix says loan arrears rates are rising but remain behind historic levels