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

Gordon Campbell: On The Fate Of Julian Assange


Has swapping Scott Morrison for Anthony Albanese made any discernible difference to Australia’s relations with the US, China, the Pacific and New Zealand? Not so far. For example: Albanese has asked for more time to “consider” his response to New Zealand’s long running complaints about the so called “501” deportations back to this country. Really? He needs more time to figure out a response? OK, but the clock is ticking.
The Julian Assange situation is a lot more urgent. Assange’s deportation to the United States has now been okayed by the British courts and also - crucially – by its government. At any moment, Assange could be on a plane and headed for a US prison. He is facing the prospect of 175 years in jail...
More>>



 
 


Parliament: Grounds Fully Reopened

Parliament’s grounds have been fully reopened today at a ceremony and community event with mana whenua, members of the public, and representatives of Parliament... More>>


Chris Hipkins: Statement On Charlotte Bellis

On 31 January I released a statement regarding Charlotte Bellis and her MIQ application. I stated that emergency allocation criteria includes a requirement to travel to New Zealand within the next 14 days... More>>



Government: Prime Minister To Travel To Europe And Australia

Prime Minister Jacinda Ardern will leave this weekend to travel to Europe and Australia for a range of trade, tourism and foreign policy events... More>>

ALSO:



National: Goodfellow To Retire As Party President
Peter Goodfellow today announced he will not seek re-election as President of the National Party at its Annual Conference. Mr Goodfellow will remain as a director on the board for one final term to assist in the transition... More>>

Police: Parliament Occupation Investigators Seek Public Assistance
Police investigating criminal activity on the final day of the occupation at Parliament grounds earlier this year are appealing for the public’s help to identify 15 people... More>>

World Vision: New Zealand Urged To Meet Quota As New Report Finds Hunger, Violence, And Death Rates Increase For Refugees
World Vision is calling for New Zealand to work harder to meet its refugee quota in the wake of a new report which shows that life has deteriorated significantly in the past two years for refugees in 11 hard-hit countries... More>>