News

Proposed legislation making it harder for non-bank deposit takers

A number of small non-bank deposit takers have told Parliament’s Finance and Expenditure Committee they are worried the Deposit Takers Bill will subject them to a disproportionate and highly onerous level of regulation and force them out of business. [READ ON]

Debt-to-income levels will become reality for mortgage borrowers next March, says Kelvin Davidson, CoreLogic’s chief economist. [READ ON]

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