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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Politics
3 mins to read

‘Overly-prescriptive’, ‘arduous’ CCCFA regulations abandoned

Eleven pages stripped from the Credit Contracts and Consumer Finance Act from tomorrow.

Commerce and Consumer Affairs Minister Andrew Bayly.

The Government is about to ditch “strict” loan affordability requirements and “overly prescriptive” checks as part of the Credit Contracts and Consumer Finance Act (CCCFA).

Commerce and Consumer Affairs Minister Andrew Bayly said that, from tomorrow, 11 pages of “overly prescriptive”

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Jonathan Mitchell Tue, 30 Jul 2024
Contact the Writer: jmitchell@nbr.co.nz
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‘Overly-prescriptive’, ‘arduous’ CCCFA regulations abandoned
Politics,
105103
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