CCCFA bad law but huge growth in credit is the bigger picture

Financial advisers have been told the Credit Contracts and Consumer Finance Act (CCCFA) is bad law but it is not the main issue on the table right now.

CCCFA enquiry might have terms of reference afterall

The enquiry into the Credit Contracts and Consumer Finance Act (CCCFA) might have terms of reference after all.

Prospa prospers in NZ and plans new product

The New Zealand operations of ASX-listed small business lender, Prospa, "continues to contribute significantly" to the group's performance.

Resimac seeks to avoid “nit picking” under CCCFA

The non-bank lender, Resimac, has vowed to speed up mortgage lending by not “nit picking” over how how many cups of coffee or glasses of Cab Sav would-be borrowers have been consuming.

Today's Rate Changes

Property News

Mega landlord claims refuted

Mega landlord claims refuted

The Property Investors Federation has rebutted a Sunday Star Times article claiming there are 605,722 investment properties owned by 533,000 people or businesses in New Zealand.

Auckland market turning for investors

Auckland market turning for investors

Weaker prices for houses, particularly in Auckland, could mean the start of the long-anticipated downturn in the market.

Cracks appearing in housing market

Cracks appearing in housing market

A mortgage is not just getting more expensive as interest rates rise. A mortgage is now hard to get full stop, says Jarrod Kerr, Kiwibank chief economist.