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

 

CFFC welcomes government crackdown on loan sharks

The Commission for Financial Capability (CFFC) welcomes government moves to crack down on loan sharks announced today.

“Our community partners work with families every day who are in crippling cycles of debt as a result of the predatory actions of loan sharks and unscrupulous truck shop operators,” says the Head of the CFFC’s Community Programmes, Peter Cordtz. “The measures announced by the Prime Minister and Minister of Commerce and Consumer Affairs will go a long way to restricting the impact of these opportunists on vulnerable families.”

The CFFC runs Sorted financial capability courses in communities and workplaces, often in partnership with other government agencies that help low-income families.

Cordtz said families targeted by third tier lenders were those who could least afford to take on high-interest debt, were less likely to be aware of their rights and were often “so consumed by the urgency of now, they feel they have no alternatives”.

“High interest debt traps them in poverty and hinders not only their own future but that of their children. The government’s action will act as a circuit breaker to help families climb out of debt, as will continuing education about their rights and how to move forward,” said Cordtz.



© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Terror in NZ: Mosques Attacked in Christchurch

• There have been two attacks at the Masjid Al Noor Mosque next to Hagley Park, and at the Linwood Masjid Mosque in the suburb of Linwood, Christchurch
• Police commissioner says 50 confirmed dead in Christchurch terrorist attacks. One man charged with murder appeared in court on Saturday, two more apprehended - working to understand their involvement
• PM Jacinda Ardern has described it as a "terrorist attack" by those holding extremist views. She says NZ's gun laws will change.
• The national security threat level has been increased from low to high.
• Commissioner Bush said there were explosive devices attached to one vehicle that were stopped by police and these have been made safe by Defence Force personnel.

More>>

Gordon Campbell: On Effective Changes To Gun Laws And The SIS
Already, the government has signalled that its response to the Christchurch mosque shootings will proceed on two main fronts (a) changes to the gun laws (b) changes to the current surveillance behaviours of the Police and the SIS... More>>

.

 
 

"Grabbed And Struck In The Face": Greens Co-Leader Attacked While Walking To Work

Green Party co-leader James Shaw was the victim of an unprovoked attack when he was walking to work in Wellington. More>>

ALSO:

████████ ████ ███: Latest OIA Statistics Released

The latest statistics cover 110 agencies that collectively completed 18,106 official information requests between July and December 2018, a 16.4% increase on the 15,551 requests for the previous six months. More>>

ALSO:

'Hit And Run' Inquiry: New Legal Action Over Secrecy

The lawyer representing the Afghan villagers in the inquiry into Operation Burnham has launched legal proceedings calling for a judicial review in the investigation. More>>

ALSO:

From Hydro Plan To...: Mokihinui River Land To Join Kahurangi National Park

A total of 64,400 hectares of conservation land in the Mokihinui River catchment on the West Coast north of Westport, including 15 km of riverbed, is being added to Kahurangi National Park. “Adding this area, roughly half the size of Auckland City, to Kahurangi is the largest addition of land to an existing national park in New Zealand’s history,” Eugenie Sage said. More>>

ALSO:

Gordon Campbell: On Shane Jones (And A Huawei Update)

For better and worse, this is a small country... any major business initiative aiming to benefit the Maori community in Northland is likely to come across the radar of a local Maori politician called Shane Jones. More>>

ALSO:

National's Political Donations: SFO To Investigate Jami-Lee Ross' Complaint

Independent MP Jami-Lee Ross says he understands the Serious Fraud Office (SFO) investigation into a complaint on a National Party donation is looking at tracing the money back through different bank accounts. More>>

ALSO:

Pike River: Drift Re-Entry Scheduled For 3 May

Minister Responsible for Pike River Re-entry Andrew Little has announced that in light of the current state of preparations, the scheduled date to commence re-entering and recovering the access tunnel to the Pike River Mine (the drift) will be Friday 3rd May. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels