Article tagged with 'Responsible lending'
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Big banks weigh affordability changes
26 Mar 2021 - ANZ has confirmed it will review its affordability criteria for investor loans in the wake of the Government's housing reforms. TMM Online asked the rest of NZ's major lenders if they plan to follow suit.
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BNZ warned over responsible lending failings
02 Dec 2020 - The Commerce Commission has warned BNZ over "likely" responsible lending breaches, and failures to give borrowers timely and accurate information.
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Australia scraps responsible lending laws
25 Sep 2020 - The Australian government has axed responsible lending laws in "the most significant reforms to Australia's credit framework in a decade".
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Super Fund, AMP exclude weapons
12 Apr 2019 - Fund managers are adding exclusions in line with New Zealand's new gun laws.
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LVR loosening: advisers react
28 Nov 2018 - Advisers say the Reserve Bank’s decision to loosen LVR restrictions will boost homebuyers, but warn tighter credit and loan servicing conditions will restrain volumes.
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Fund managers hypocritical on RI: Stubbs
20 Sep 2018 - Fund managers that offer both “ethical” and “normal” investment strategies to clients are “hypocritical” in their approach to responsible investing, according to the managing director of KiwiSaver provider Simplicity.
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Mortgage fraudsters jailed
03 Aug 2018 - A former BNZ banker and a lawyer have been handed jail terms for committing a $54 million mortgage fraud in Auckland and Hamilton.
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ANZ increases servicing rate for loans
11 Apr 2018 - ANZ has raised the servicing rate required for mortgage approvals, according to advisers.
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Risk based pricing for Co-op Bank personal loans
31 Mar 2017 - Personalised rates based on credit scores will now be available for personal loans at the Co-operative Bank which has adopted a risk-based approach to applications.
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Grosvenor dumps Vanguard over cluster bombs
23 Aug 2016 - Grosvenor Financial Services has moved quickly to the furore around index funds investing in cluster bomb manufacturers by replacing one of its index managers, although the move comes at a cost.