consumer loans
Big capital increase for SBS Bank as it seeks to continue growing lending faster than overall market growth
29th May 24, 10:04am
Big capital increase for SBS Bank as it seeks to continue growing lending faster than overall market growth
Commerce and Consumer Affairs Minister Andrew Bayly details easier access to loans and changes to financial dispute resolution services
22nd Apr 24, 7:29am
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Commerce and Consumer Affairs Minister Andrew Bayly details easier access to loans and changes to financial dispute resolution services
Bank for International Settlements fires BNPL warning shot across the bow of those tasked with maintaining financial stability
8th Dec 23, 4:07pm
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Bank for International Settlements fires BNPL warning shot across the bow of those tasked with maintaining financial stability
Equifax says consumer debt demand rose year-on-year in the September quarter, boosted by unsecured personal loans
26th Oct 23, 10:09am
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Equifax says consumer debt demand rose year-on-year in the September quarter, boosted by unsecured personal loans
Sharp rise in number of people getting behind on buy now lay later payments as overall consumer arrears climb
2nd May 23, 5:00am
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Sharp rise in number of people getting behind on buy now lay later payments as overall consumer arrears climb
Credit bureau Centrix says the number of borrowers behind on consumer loans is rising and so is demand for consumer loans
1st Dec 22, 5:00am
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Credit bureau Centrix says the number of borrowers behind on consumer loans is rising and so is demand for consumer loans
SBS Bank says it may face customer remediation payments or Commerce Commission action over credit contracts and consumer finance related issues
28th Nov 22, 9:17am
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SBS Bank says it may face customer remediation payments or Commerce Commission action over credit contracts and consumer finance related issues
[updated]
Buy now pay later sector to be brought under the Credit Contracts and Consumer Finance Act. Sector's merchant service fees to be 'monitored'
2nd Nov 22, 2:30pm
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Buy now pay later sector to be brought under the Credit Contracts and Consumer Finance Act. Sector's merchant service fees to be 'monitored'
Changes to consumer lending rules from December 1 bring increased requirement to verify borrower information and assess suitability
17th Nov 21, 8:14pm
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Changes to consumer lending rules from December 1 bring increased requirement to verify borrower information and assess suitability
Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
14th Feb 20, 9:42am
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Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
Trans-Tasman consumer finance company Latitude Financial Group seeks to raise A$1.4 billion through listing on Australian Securities Exchange
27th Sep 19, 6:26am
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Trans-Tasman consumer finance company Latitude Financial Group seeks to raise A$1.4 billion through listing on Australian Securities Exchange
Lending Crowd becomes the first - and so far the only - personal loan lender to reduce interest rates since the RBNZ OCR rate cut on August 7
31st Aug 19, 9:15am
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Lending Crowd becomes the first - and so far the only - personal loan lender to reduce interest rates since the RBNZ OCR rate cut on August 7
ASB CEO Vittoria Shortt says partnership with Swedish fintech bank Klarna is both a defensive & offensive move through which any buy now pay later services will be covered by the CCCFA
8th Aug 19, 9:42am
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ASB CEO Vittoria Shortt says partnership with Swedish fintech bank Klarna is both a defensive & offensive move through which any buy now pay later services will be covered by the CCCFA
Commerce and Consumer Affairs Minister Kris Faafoi sticks to position that cap on total interest and fees will be most effective way to combat 'unscrupulous' lenders
12th Mar 19, 10:32am
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Commerce and Consumer Affairs Minister Kris Faafoi sticks to position that cap on total interest and fees will be most effective way to combat 'unscrupulous' lenders
Harmoney founder says $50 million securitisation programme with BNZ doesn't mean any changes for retail investors
7th Mar 19, 12:29pm
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Harmoney founder says $50 million securitisation programme with BNZ doesn't mean any changes for retail investors
Strong annual growth in peer to peer lending as value of outstanding loans reaches $489 million and write-offs rise 64% to $13.9 million, FMA figures show
23rd Nov 18, 1:18pm
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Strong annual growth in peer to peer lending as value of outstanding loans reaches $489 million and write-offs rise 64% to $13.9 million, FMA figures show
Licensed P2P lender Harmoney says it has facilitated loans across New Zealand and Australia valued at $1 billion
8th Nov 18, 7:45am
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Licensed P2P lender Harmoney says it has facilitated loans across New Zealand and Australia valued at $1 billion
Benefits of making lenders disclose the effective cost of credit, by combining interest rates & fees, deemed not sufficient to warrant the costs and complexities, MBIE says
1st Nov 18, 2:25pm
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Benefits of making lenders disclose the effective cost of credit, by combining interest rates & fees, deemed not sufficient to warrant the costs and complexities, MBIE says
Need some flex for whatever's next? Be prepared to pay heaps. We mystery shop the current Gem Finance personal loan offer
26th Oct 18, 11:49am
18
Need some flex for whatever's next? Be prepared to pay heaps. We mystery shop the current Gem Finance personal loan offer
ANZ NZ grew lending across the board in the June quarter with residential mortgage lending increasing almost $1.7 billion
20th Aug 18, 2:54pm
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ANZ NZ grew lending across the board in the June quarter with residential mortgage lending increasing almost $1.7 billion
Peer to peer lending facilitator Harmoney is to begin lending money through its own online platform
16th Jun 18, 9:20am
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Peer to peer lending facilitator Harmoney is to begin lending money through its own online platform
Judge rules Harmoney's platform fee is a credit fee, doesn't accept the 'relative novelty of peer-to-peer lending should preclude the usual application of the CCCFA'
21st May 18, 10:31am
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Judge rules Harmoney's platform fee is a credit fee, doesn't accept the 'relative novelty of peer-to-peer lending should preclude the usual application of the CCCFA'
KPMG's annual survey of non-bank financial institutions shows a declining availability of cheap funding as one lender delivers a net interest margin as high as 22.67%
14th Dec 17, 12:52pm
KPMG's annual survey of non-bank financial institutions shows a declining availability of cheap funding as one lender delivers a net interest margin as high as 22.67%
Warehouse financial services acquisition to take SBS Bank into credit cards and beef up its fast growing subsidiary Finance Now
12th Sep 17, 12:52pm
Warehouse financial services acquisition to take SBS Bank into credit cards and beef up its fast growing subsidiary Finance Now
Instant Finance, which offers 'all types of loans for whatever reason,' posts a 10% rise in annual profit and increases Westpac funding facility
4th Aug 17, 1:57pm
Instant Finance, which offers 'all types of loans for whatever reason,' posts a 10% rise in annual profit and increases Westpac funding facility