lending

Finance companies: No regulation please, we’re the good guys

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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

The Allan Hubbard disaster was a warning for NZ that we’re yet to heed

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Think the dark times of the finance company collapses are well behind us? The regulatory environment that allowed the collapse of South Canterbury Finance exists to this day. Allan Hubbard’s failed investments included $30m lost on the Lord of the Rings trilogy and $10m in a Blenheim company that claimed to have found a cure … Read more