Financial mentors and FinCap have been sounding the alarm around harm from Buy Now Pay Later lending in our communities for some time and today Minister Clark announced action to better regulate this lending. We welcome the announcement by Minister Clark that the Government is moving to make...
Financial mentors and banks are working together to help people in small communities across New Zealand to access banking services. These ‘banking collaborations’ are one of several projects being delivered under a partnership between FinCap and the New Zealand Bankers’ Association, which is funded by...
Whānau should not face a position where lending that was always going to be unaffordable causes or compounds hardship. The onus must be on lenders to not disregard that collection on due repayments is likely to cause harm. FinCap welcomes the opportunity to comment on the...
Last week the leader of the opposition, Hon Christopher Luxon, joined the Pakuranga and Howick Budgeting Service for ‘A Day in the Life’ visit. Mr Luxon was able to observe the incredible skill and value of financial mentors on the ground, and the crucial support they...
From 10th October 2022, FinCap's offices will be located at the following address: Level 4, 276 Lambton Quay, Wellington...
Whānau should have confidence that issues will be resolved fairly when they are impacted by unlawful conduct from a trader. They should not be left stuck with worse financial circumstances that seriously risk their wellbeing because of such conduct. FinCap welcomes the opportunity to comment on...
Electricity is an essential service that supports the health, well-being, and social participation of whānau across Aotearoa. It is very important that the regulator of these essential electricity services as well as the public have visibility as to the systemic issues surrounding whānau having difficulty...
All whānau should have access to a support system that truly supports the well-being of their whole whānau. A fit-for-purpose child support system will help to ensure that tamariki do not have to go without essentials because of the confusing and harmful rules of that...
The energy system should function with the health, wellbeing, and social participation of whānau front of mind when organising the effective provision of essential energy services. Proper processes for consulting and feedback must ensure what whānau want is factored into decisions about the future of...
As FinCap digests the Government’s response today to the Investigation into the impacts of Credit Contracts and Consumer Finance Act 2003 changes, we continue to stress the importance of safe lending laws to support whānau as they are up against current and increasing financial pressures. The...