Submission on self-reporting for lenders

  • Jun 30, 2024

  • Written by:

  • 1 min read

  • 63 words

FinCap says the Commerce Commission should have timely visibility of lending issues which can cause significant harm to the wellbeing of borrowers.

FinCap supports guidance for lenders to self-report potential or clear breaches of the Credit Contracts and Consumer Finance Act (CCCFA) or other relevant consumer laws.

FinCap has submitted on the Self-reporting Guidance for Lenders – consultation draft.

Read the submission here.

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