Loansharks

How new laws are pushing predatory loan sharks closer to extinction

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Amid fears of growing financial hardship throughout New Zealand, a comprehensive campaign against high-interest lenders looks to be gaining new ground. Payday lenders, trucks shops, loan sharks: the names alone are enough to conjure up grim images of shady operators and hustlers lurking in dark spaces to prey on the financially vulnerable. While the reality … Read more

The Bulletin: Crackdown on crooked lenders

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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