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The Financial Services Federation (FSF) is encouraging the government to reconsider the decision of a statutory relief package that only considers homeowners affected by the extreme weather event.
The non-bank lending sector celebrated at the Financial Services Federation’s biggest ever, sold-out Awards on 16 November, following a hiatus for two years.
The Financial Services Federation (FSF) is urging Kiwis to be vigilant if contacted by anyone claiming to be from the FSF asking for money – it is a scam.
Responsible lenders are not interested in telling the Government “I told you so” when it comes to unintended consequences of changes to lending laws that are now causing grief for everyday Kiwis seeking finance.
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The Government's tweaks to the responsible lending rules may not move the dial enough to make a difference to borrowers, a group representing New Zealand's banks says.
It was meant to protect vulnerable borrowers from getting too deep into debt or being targeted by predatory lenders.
Non-bank lenders are reporting a surge in mortgage inquiries in the wake of new lending rules, but those applications are not guaranteed success, Lyn McMorran, executive director of the Financial Services Federation says.
The Financial Services Federation (FSF), the industry body for responsible non-bank lenders, has added to the chorus of disapproval by writing to Clark and officials outlining its concerns. "These laws do not just affect bank customers,
Industry body wants to work with government to solve problems with new lending laws as vehicle loans plummet.