Article tagged with 'CCCFA'
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Bank resourcing should have been a ComCom recommendation
08 Jan 2025 - Squirrel Mortgages chief executive David Cunningham wonders whether the Commerce Commission should have made bank resourcing one of its recommendations in the bank competition study completed last year to ensure a level playing field.
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Differing views on latest CCCFA reforms
06 Sep 2024 - There are some differing views on the latest CCCFA changes announced this week, but one thing sector players agree on is that "the devil will be in the detail."
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First prosecution under CCCFA
28 Aug 2024 - TSB has copped a $2.47 million penalty for historic breaches of the Credit Contracts and Consumer Finance Act (CCCFA).
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Bankers’ personal liabilities under CCCFA to remain
05 Aug 2024 - Commerce and Consumer Affairs Minister Andrew Bayly is retaining the CCCFA’s director and senior management liability provisions.
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CCCFA changes welcomed, but more needed
02 Aug 2024 - The Financial Services Federation (FSF) says the removal of the one-size-fits-all CCCFA consumer lending regulations is a step in the right direction to help improve access to credit for consumers, but there’s more to be done.
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New code brings commonsense to lending - FSF
03 Jul 2024 - Lenders are happy the new Responsible Lending Code has landed with no nasty surprises.
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CCCFA changes could remove personal liability on directors and senior managers
29 May 2024 - The changes the government is considering making to the Credit Contracts and Consumer Finance Act (CCCFA) aren't the things that have made headlines, such as coffee and Netflix habits disqualifying borrowers from getting mortgages, since changes to the law came into effect in December 2021.
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CCCFA changes not a complete panacea
24 Apr 2024 - Unwinding the impact of all the 2021 CCCFA changes probably won’t happen, says David Cunningham, Squirrel Mortgage chief executive.
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CCCFA reaction: a return to common sense
22 Apr 2024 - The dumping of 11 pages of overly prescriptive affordability regulations under the CCCFA are a welcome return to common sense, the Financial Services Federation (FSF) says.
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Govt says it is going to get easier to get a home loan
22 Apr 2024 - Ministers have, over the weekend, announced their first changes to CCCFA.