The Minister hopes that the Code will achieve the right balance between consumer protection and industry flexibility.

Stronger consumer credit protections are proposed in the new Credit Contracts and Financial Services Law Reform Bill.

This act introduces some significant changes which will affect all lenders providing consumer credit in New Zealand.

The decision reinforces that professionals who give advice or information may be liable for consequential losses that fall within the scope of the duty they fairly assumed.

A draft Responsible Lending Code has been released for comment, by the Ministry of Business, Innovation and Employment.

Have you ever applied for credit, whether that credit is in the form of a loan, a credit card or even a hire purchase agreement? Or are you in the business of providing credit? If so, the new Credit Reporting Privacy Code will affect you.

It is important before taking any action against a debtor to consider the debtor's ability to pay a judgment.

Gym membership contracts may be breaching the Credit Contracts and Consumer Finance Act 2003

All lenders of consumer credit in New Zealand need to review and update documentation and procedures by 1 June 2020.