Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Citizens Advice Bureaux - Credit For Reforms

Citizens Advice Bureaux Give Government Credit For Reforms

The New Zealand Association of Citizens Advice Bureaux has welcomed the government’s proposed changes to the consumer credit law, saying it will provide consumers with better information and greater protection from unscrupulous lenders.

Association CEO, Nick Toonen, said today the Association’s 88 Citizens Advice Bureaux will be delighted that consumer credit law will be strengthened. “Many of our clients are on low incomes and because of the pressures on their finances, sometimes need credit to get by day to day. In 2000, our bureaux received over 10,000 enquiries and complaints about financial matters, including hire purchase, credit charges and loans, and over 6,000 calls from people facing debt problems. We see a need for both improved information and stronger enforcement.

“In our experience, people often go to ‘lenders of last resort’ and are consequently overburdened by credit payments and high interest rates. It is vital that consumer credit law puts an obligation on dealers to better inform consumers on the full and true cost of credit and ensures that dealers can’t hide crucial details in the small print. The proposed legislation appears to be heading in this direction.

Mr Toonen said the proposal to empower the Commerce Commission so that it can investigate the activities of lenders, and take action against lenders who rip people off, is long overdue.

“Bureaux already work closely with the Commission on a range of consumer protection and enforcement issues and look forward to continuing this with the Commission’s new role.”

Mr Toonen said the consultation over the changes to the credit law was well conducted and allowed time for organisations to think and respond to the various aspects of the proposed changes.

“We have presented four submissions over the two-year consultation period and believe the process has had integrity and has therefore delivered good results,” said Mr Toonen.


Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Hope For Nature: A New Deal For The Commons

Joseph Cederwall on The Dig: The disruption and destruction of the interconnected biodiversity of Earth is the most serious challenge humanity has ever faced. It is devastating non-human life everywhere and disrupting vital “ecosystem services” like the food, water, and climate regulation systems humanity depends on.

It is increasingly clear that the primary underlying driver of this crisis is the limiting and infectious worldview around land and resource use central to the global capitalist system. To fully understand the biodiversity crisis and explore what comes next, it is necessary to address this mind-virus at the heart of our modern civilisation – the dominion worldview. More>>

 
 

SOP For Gun Bill: New Measures For Modified Pistols

The new controls will • Prohibit short-barrelled semi-automatic rifles which currently are defined as pistols because they are shorter than 762 millimetres. • Introduce tighter controls over pistol carbine conversion kits… • Prohibit firearms which contain a part known as a centrefire lower receiver… More>>

'Culturally Arranged Visitors Visa': Fix For Marriage Visa Issue

Earlier this year Immigration New Zealand issued guidance to front line Immigration staff that made it significantly harder for people to get visas to visit their partner. That guidance no longer applies with today’s announcement. More>>

ALSO:

Conflict Of Interest For Key Member: Budget Data Breach Investigation Shut Down

State Services Commissioner Peter Hughes has today terminated the investigation into how Budget-sensitive material was accessed at the Treasury and appointed a new inquirer. More>>

RNZ Report: Mysterious Foundation Loaning NZ First Money

A mysterious foundation that loans money to New Zealand First is under scrutiny, with a university law professor saying although it's lawful, it fails to provide the transparency voters need in a democracy. More>>

Justice: Criminal Cases Review Commission Established

“We’ve seen how our justice system can very occasionally get things spectacularly wrong, even with rights of appeals, and there needs to be a chance for the innocent on the right grounds to seek a final review of their case...” More>>

ALSO:

Gordon Campbell: On Why Sustainable NZ Isn't Self-Sustaining

Asking whether this new, environmentally focussed party can make the 5% MMP threshold may be the wrong question, though. It's more achievable goal would be to knock the Greens below the 5% threshold ... More>>

ALSO:

Report On Consultation: Future Of Tomorrow's Schools

“The 1989 Tomorrow’s Schools reform introduced one of world’s most devolved schooling systems where each school operates largely in isolation of each other... It empowered local communities and modernised an overly bureaucratic system but also led over time to uneven outcomes between schools.” More>>

ALSO:

National Education Doc:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels