News

  • All
  • News
  • Reports
  • Submissions

From left: Financial Mentors Awhina Ulutuki and Jennifer Gini at Petone Budget Service  It’s the bucket test at Petone Budget Service (PBS) which helps bring the financial message home for some of the most vulnerable people in their community. Based in the Wellington region, the budgeting service...

Afterpay, Laybuy, Oxipay… the list of buy now pay later (BNPL) services goes on. But financial capability and budgeting experts have a word of warning of people using BNPL later services. While these services can be used to people’s advantage, people need to be aware of the...

FinCap welcomes the opportunity to comment on the District Court (Protection of Judgement Debtors with Disabilities) Amendment Bill (The Bill). Hardship experienced throughout Aotearoa should not be compounded by unreasonable debt collection action. We strongly support the Bill as it will ensure people with disabilities are...

FinCap is pleased to announce Ruth Smithers has been appointed as Chief Executive. Ruth is an experienced leader and senior manager in the not for profit and government sectors in health and social services organisations. Her most recent role was as Deputy Chief Executive at Tui Ora,...

FinCap welcomes the opportunity to comment on the Updated draft Responsible Lending Code 2020 (the revised code). Financial Mentors across Aotearoa New Zealand regularly see the harm caused by irresponsible lending of unaffordable loans or lenders not offering appropriate and realistic assistance where borrowers have difficulty...

Lending is an essential part of a functioning economy, but some loans do more harm than good. The New Zealand market for credit has changed over the past decade. While the banking sector has grown, the non-bank sector has become increasingly populated with third-tier lenders, offering...