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Social agencies want interest rate cap imposed on loan sharks

Bill passes first reading but social agencies question its effectiveness.

Brent Edwards Wed, 01 May 2019

Social agencies are accusing the government of undermining its work to reduce child poverty by not doing enough to crack down on loan sharks.

The Credit Contracts Legislation Amendment Bill has had its first reading in Parliament but social agencies say it does not go far enough in stopping

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Brent Edwards Wed, 01 May 2019
Contact the Writer: brent@nbr.co.nz
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Social agencies want interest rate cap imposed on loan sharks
Politics,
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