New Zealanders will soon be able to access finance with confidence.

From today, the Government's removing the affordability regulations from the Credit Contracts and Consumer Finance Act and updating the Responsible Lending Code. 

Commerce and Consumer Affairs Minister Andrew Bayly says they're revoking 11 pages of overly prescriptive affordability regulations introduced by the last government.

He told Mike Hosking it had impacted the most vulnerable when they needed finance the most.

LISTEN ABOVE

New Zealanders will soon be able to access finance with confidence. 
From today, the Government's removing the affordability regulations from the Credit Contracts and Consumer Finance Act and updating the Responsible Lending Code.  
Commerce and Consumer Affairs Minister Andrew Bayly says they're revoking 11 pages of overly prescriptive affordability regulations introduced by the last government. 
He told Mike Hosking it had impacted the most vulnerable when they needed finance the most. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Andrew Bayly: Commerce and Consumer Affairs Minister on the removal of the affordability regulations from the Credit Contracts and Consumer Finance Act

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ceb343b1-269b-494b-bdc1-b1bd01406f94/transcript