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

AMA: Scoop's 'Invisible Paywall'

Operation Chrysalis: The Final Countdown - Thanks & There's Still Time To Pledge

Phew! We are now counting down the hours to the end of this crowd-funding campaign at 11pm on Sunday. Thankyou to all those Scoop readers and supporters who have pledged already. You have been awesome. But this is not over yet. More>>

 
 

PARLIAMENT TODAY:

IPCA Reports: Significant Problems In Police Custody

In releasing two reports today, the Independent Police Conduct Authority has highlighted a number of significant problems with the way in which Police deal with people who are detained in Police cells. More>>

ALSO:

Inspector-General of Intelligence and Security: Inquiry Into GCSB Pacific Allegations

The complaints follow recent public allegations about GCSB activities. The complaints, and these public allegations, raise wider questions regarding the collection, retention and sharing of communications data. More>>

ALSO:

TPPA Investment Leak: "NZ Surrender To US" On Corporates Suing Governments

Professor Jane Kelsey: ‘As anticipated, the deal gives foreign investors from the TPPA countries special rights, and the power to sue the government in private offshore tribunals for massive damages if new laws, or even court decisions, significantly affected their bottom line’. More>>

ALSO:

Werewolf: The Myth Of Steven Joyce

Gordon Campbell: The myth of competence that’s been woven around Steven Joyce – the Key government’s “Minister of Everything” and “Mr Fixit” – has been disseminated from high-rises to hamlets, across the country... More>>

ALSO:

RMTU: No Public Submissions On International Government Procurement Deal

“The government is preparing to assent to the Government Procurement Agreement, a World Trade Organisation Treaty which opens up New Zealand Government contracts to foreign companies and closes the door on local businesses and their workers. However the Foreign Affairs, Defence and Trade Select Committee is refusing to take public submissions on the decision.” More>>

ALSO:

Gordon Campbell:
On Pacific Spying

So New Zealand spied on its friends and allies in the Pacific – and has not only been passing on the results to the NSA, but has apparently passed on the details of the Pacific’s relations with Taiwan to our other best friends, the Chinese. On the side, the Key government has also been using the security services to gauge the chances of Trade Minister Tim Groser landing the top job at the WTO... More>>

ALSO:

State Housing Transfer: Salvation Army Opts Out

The Salvation Army has decided against negotiating with Government for the transfer of Housing New Zealand stock.
More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news