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

 


Dunne Does U-Turn on Loan Sharks for Political Safety

Rt Hon Winston Peters
New Zealand First Leader

10 April 2014

Dunne Does U-Turn on Loan Sharks for Political Safety

United Future leader Peter Dunne is putting his own political future first by refusing to support amended legislation that will at last hobble loan sharks, the scourge of the poor and low paid.

“It comes down to one vote and that vote is Peter Dunne’s – with his vote we can deal a blow to loan sharks by putting a cap on the interest rates they charge, but Peter Dunne has done a U-turn with his support to save his political skin,” says Leader Rt Hon Winston Peters.

“Peter Dunne says he never supported an interest rate cap,” says Leader Rt Hon Winston Peters.

“That’s not the case. In 2010 Dunne voted for a Credit Reforms (Responsible Lending) Bill that included an interest rate cap. When it failed he stated in a letter to a United Future member that he had supported the bill and was very sorry it did not proceed.

“He added that he hoped for more progress on the issue,” says Mr Peters.

“There is now progress on regulating loan sharks but he has backed away from supporting it. That’s because he is siding with the Government to ensure his political future.”

The Government has produced a weaker bill, the Credit Contracts and Financial Services Law Reform Bill, to regulate loan sharks, but it does not include an interest rate cap, says Mr Peters.

“However, Labour has an amendment that will put an interest rate cap in the bill. This is what Peter Dunne is refusing to support.

“Peter Dunne has not only let his party members down, he is leaving many vulnerable families in the hands of greedy loan sharks,” says Mr Peters.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gaza.Scoop: UNRWA School, Ambulances Attacked - Gaza MOH

The Ministry of Health Gaza expresses its horror and outrage at the latest Israeli massacre moments ago at an UNRWA school sheltering displaced persons in Beit Hanoun. Ten people have been killed and there is a large number of wounded. More>>

ALSO:

Gordon Campbell:
On Gaza And Burning The Israeli Flag

One of the selling points in New Zealand’s campaign for a temporary seat on the Security Council is that we have a pluckily independent voice to offer on international conflicts.

This image is not entirely self-delusional. When we did occupy a temporary UN Security Council seat in the 1990s, New Zealand was forthright about the need for the international community to actively respond to the Rwanda genocide. On April 14, 1994, New Zealand, Nigeria and the Czech Republic were the only nations to call for a forceful UN intervention to halt the killings. It was a proud moment in the diplomatic record of the Bolger government.

What then, is the current National government doing with respect to the slaughter in Gaza? More>>

 

Parliament Today:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Valedictory Season: Maori Party Founders Say Goodbye

Two major Maori MPs gave there farewell speeches to Parliament Thursday outlining their history, experiences, triumphs and regrets. More>>

ALSO:

Resignation Not Accepted: Transport Minister Breaches Aviation Security Rules

"Running late for a plane at Christchurch Airport, I without thought breached airport and airline security rules by entering the gate lounge through a door usually used for exit only..." More>>

ALSO:

TAIC Report: Urgent Recommendations After Melling Rail Accident

The Transport Accident Investigation Commission has made four urgent recommendations to KiwiRail following the accident two months ago (27 May) when a Matangi passenger train collided with a stop block at Melling Station, Lower Hutt. More>>

ALSO:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

EPA: Board Of Inquiry Rejects Basin Flyover By Majority Of 3 To 1

The independent Board of Inquiry delegated to decide on the Basin Bridge Proposal has, by a majority decision (3 to 1), cancelled the Transport Agency’s Notice of Requirement and declined its resource consent applications for the construction, operation and maintenance of a flyover on State Highway 1 in Wellington City... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news