How a new programme is helping school students avoid payday lenders

A new programme being rolled out in 111 schools teaches students how to manage money – and the difference between good and bad debt. In Porirua East the houses look like Monopoly hotels. Two-storied, sturdy state houses that are more giant blocks than anything else. They’re good homes, with beautiful wooden floors (if you happened … Read more

Banking without the banks: the state of peer-to-peer lending three years on

In 2014, New Zealand was one of the first countries to legalise peer-to-peer lending. Jihee Junn takes a look at what effect it’s had on the country’s borrowers, lenders and financial institutions three years on. You might not remember much of it, but a lot of stuff happened back in 2014: John Key romped home … Read more