News | Business
21 May 2022 4:37
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Calls for an investigation into new home loan regulations be brought forward amid concerns

    Calls for an investigation into new home loan regulations be brought forward amid concerns


    Changes to the Credit Contracts and Consumer Finance Act were brought in late last year with officials saying it would mean better protection against unaffordable debt and high cost loans.

    But instead some people are reporting having mortgage applications knocked back for spending habits including buying takeaways and domestic travel.

    Commerce and Consumer Affairs Minister David Clark's asked the Council of Financial Regulators to bring forward their investigation into whether banks and lenders are implementing changes as intended.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     20 May: It's hoped more competition will come about following the Government's war with the supermarket duopoly
     20 May: Praise for the Budget Boost for Whangarei Hospital
     20 May: The impacts of Omicron are reflected in Auckland Council's third quarter results
     20 May: Time will tell how many people will actually benefit from changes to help first home buyers
     20 May: Questions about the end game for inflation over the next few years
     19 May: The Finance Minister's leaving the door open for extending a new cost of living payment
     19 May: The Finance Minister says his Budget strikes a balance... during tough times for many Kiwis
     Top Stories

    RUGBY RUGBY
    The All Blacks Sevens have made big improvements leading into this weekend's World Series event in Toulouse More...


    BUSINESS BUSINESS
    It's hoped more competition will come about following the Government's war with the supermarket duopoly More...



     Today's News

    Rugby:
    The All Blacks Sevens have made big improvements leading into this weekend's World Series event in Toulouse 21:50

    Entertainment:
    Taylor Hawkins' friends have claimed he was "exhausted" by Foo Fighters' touring schedule before he died 21:41

    Rugby:
    All Blacks Sevens coach Clark Laidlaw is enjoying the mix of youth and experience in his squad 21:20

    Entertainment:
    Jeannie Mai had a "treacherous" experience with postpartum anxiety 21:11

    Politics:
    Canada bans China's Huawei Technologies from 5G networks 21:00

    Entertainment:
    Star Wars' move into television was an "organic" development for the franchise 20:41

    Entertainment:
    Andy Cohen is excited about trying different hairstyles on his daughter 20:11

    International:
    As the World Turns star Marnie Schulenburg dies, aged 37, two years after breast cancer diagnosis 19:50

    Entertainment:
    Anna Delvey is planning to hold an art show 19:41

    Rugby:
    Coach Aaron Mauger's clear on what he wants from Moana Pasifika in tonight's Super Rugby Pacific match against the Reds in Brisbane 19:30


     News Search






    Power Search


    © 2022 New Zealand City Ltd