News

FinCap welcomes Commerce Commission open letter on telecommunications sector on consumer overspending

September 17, 2020

FinCap welcomes the open letter sent by the Commerce Commission to New Zealand’s three mobile phone operators mobile telecommunications companies, telling them that they need to guard against overspending by mobile phone customers. The open letter from the Commerce Commission is a proactive step to ensuring...

FinCap welcomes bringing forward restrictions on lending because of COVID-19

by Soraiya Daud

Uncategorized

April 30, 2020

FinCap welcome’s the Government's announcement that they are bringing forward the introduction of the 100% repayment limit and ban on compounding interest for high cost loans, and the $30 cap on default fees for all loans, through the COVID-19 Response (Taxation and other Regulatory Urgent Measures)...

Open letter to essential service providers to support people in financial hardship because of COVID-19 pandemic

by Soraiya Daud

Media release

April 5, 2020

COVID-19 is causing immense disruption to our society and our economy. Hundreds of thousands of New Zealanders and their families now face having to survive on a reduced income. These people are worried about whether they can pay their rent or their mortgage, while keeping their...

Official financial services ready to help

by Soraiya Daud

Media release

March 26, 2020

New Zealanders worried about money due to the effects of COVID-19 are urged to seek guidance through official government services Sorted and MoneyTalks. The Sorted website is run by CFFC, headed by Retirement Commissioner Jane Wrightson, and MoneyTalksis run by the FinCap, the umbrella body for financial capability and...

FinCap welcomes increased protections for consumers introduced to the the Credit Contracts Legislation Amendment Bill

by Soraiya Daud

Media release

November 12, 2019

Parliament’s Finance and Expenditure Committee has made key amendments to the Credit Contracts Legislation Amendment Bill, giving borrowers more protection from harmful high cost consumer credit contracts. The changes indicate that the Select Committee listened to the voices of Financial Mentors representing consumers that have...

FinCap welcomes the Government’s move to reduce energy hardship

by Soraiya Daud

Media release

October 3, 2019

FinCap welcomes the Government’s response to the Final Report of the Electricity Price Review process as a "good first step". FinCap supports 200 local financial capability and budgeting services across New Zealand. Collectively these services see 70,000 people a year. We commend the work of the Expert Advisory...

FinCap welcomes the recommendations in the Welfare Expert Advisory Group report – Whakamana Tangata

by Soraiya Daud

Media release

May 3, 2019

FinCap welcomes the recommendations of the Welfare Expert Advisory Group in their report "Whakamana Tangata - restoring to social security in New Zealand". Tim Barnett Chief Executive of FinCap said today: "The recommendations in Whakamana Tangata are an eloquent statement of what people in financial hardship need...

Coalition forms to fix Govt’s broken loanshark Bill

by Soraiya Daud

Media release

April 30, 2019

Hi all - we were planning to release on the Government’s new loan shark legislation - the Credit Contracts Legislation Amendment Bill which is having its first reading today and we thought we’d invite other organisations to join us. The response has been overwhelming with eight...

Submission from FinCap to the Electricity Price Review

by fincap2

Uncategorized

April 4, 2019

See below FinCap's submission to the Electricity Price Review. FinCap EPR Submission ...

Big changes needed to protect consumers from high cost loans and debt collection practises

by Soraiya Daud

Media release

February 11, 2019

A survey of New Zealand’s free local financial capability and budgeting services exposes the human damage being caused by loan companies and debt collectors and reveals the extent of law reform needed. The February 2019 “Survey of financial mentoring and budgeting services in Aotearoa on high...

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