Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Financial Literacy campaign focuses on Pacific communities

Hon Craig Foss
Minister of Consumer Affairs

Hon Peseta Sam Lotu-Iiga
Minister of Pacific Island Affairs

13 March 2014

Financial Literacy campaign focuses on Pacific communities

Consumer Affairs Minister Craig Foss and Pacific Island Affairs Minister, Peseta Sam Lotu-Iiga welcomed the launch of the 2014 Talanoa campaign. Talanoaencourages Pacific communities to ask for help and seek redress when they have problems with loans.

“One of the main aims of the campaign is to help Pacific communities to be more proactive when lodging complaints if things go wrong when borrowing money,” says Mr Foss.

“Pacific communities are often targeted by third-tier lenders, particularly for motor vehicle and personal loans. Some of these loans come with high interest rates and onerous repayment schedules. It is important that families know where to go for support and assistance,” says Mr Foss.

“During the recession, many Pacific families fell on hard times and borrowed money as a last resort,” says Mr Lotu-Iiga.

“There are families in my own electorate who are burdened with loans they are incapable of repaying. Some of these loans should never have been granted. It’s important that people know that advice is available if they are struggling with a debt crisis,” says Mr Lotu-liga.

Pacific community leader Laauli Michael Jones is taking part in the campaign this year, encouraging people to reach out for help when they need it. Talanoa tells the stories of real Pacific families who have learned to manage their finances and have worked their way out of debt.

“The Government will not tolerate loan sharks in our communities. The Credit Contracts and Financial Services Law Reform Bill is progressing through parliament. It will strengthen protections for borrowers and make wide-ranging changes to our consumer credit and repossession laws. We’re committed to promoting responsible lenders and informed consumers,” says Mr Foss.

The campaign has been launched in South Auckland and Porirua communities and will run until mid-April.

For further information visit www.loanstress.govt.nz

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Mt Albert Aftermath

Personality politics – Jacinda is great! Jacinda is not so great! – have dominated the coverage of the Labour Party’s fortunes this week...

Still, this is a relatively new and welcome problem for the centre-left. Labour has seemed so bereft of crossover talent for so long that it seems almost embarrassed by this latest development. More>>

 

State Sector: Government To Apply Pay Equity Principles

Legal changes are not yet in effect but the State Services Commission, on behalf of the government, and the Council of Trade Unions on behalf of unions, have agreed to apply the principles to current pay equity claims. More>>

ALSO:

Throwing Stoners: English Blames Failed Drug Tests For Unemployment

Bill English’s diversionary tactic of condemning of a generation of Kiwi workers as a bunch of drug-takers cannot hide his government’s failure to create opportunities for decent work, says Labour’s Employment spokesperson Grant Robertson. More>>

ALSO:

Conservation: Central Govt Takes Over 1080 Regulation

“This new approach standardises the rules for using such poisons rather than the current system of different rules in different regions. This change will reduce costs and delays for operators, ensure consistent conditions throughout the country, reduce mistakes from misunderstanding rule differences and allow best practice approaches to be used." More>>

ALSO:

Election Entertainments: ACT Has Prison Plan, Greens Have Water Bill

Green Party launches Member’s Bill to protect our freshwater The Green Party has today launched a member’s bill that will keep water from underground sources, called aquifers, safe from pollution and contamination. More>>

ALSO:

2040 Target And Lower Standards: “Swimmable” Rivers Five Times More Likely To Make You Sick

Forest & Bird has condemned the government’s new water quality standards, warning New Zealanders that they lock in current levels of water pollution and allow for a 5-fold increase in the chance of getting sick from swimming in a river. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news