Finance companies say they shouldn’t have to be ‘fit and proper’ even though in some cases they charge more than the planned clampdown on high cost lending. A group of finance companies that charges well over the government’s proposed cap on loan repayment costs is distancing itself from lenders who “cause the most harm to … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Crackdown coming on dodgy lending practices, Fonterra revises forecast down again, and a new twist in the Simon Bridges expense leak tale. The government has launched a long-signalled crackdown on predatory lenders and the interest they’re able to charge, reports Radio NZ. Interest will be capped at … Read more
Afterpay or Afterbae – whatever you call it, Richard Meadows says this online shopping enabler is too good to be true. Shop now. Pay later. You may have noticed this tantalising option popping up on Trade Me listings recently, and on several other major retail sites. If you shop online, you’re about to start seeing a … Read more