The Credit branch of the Commerce Commission has developed a new guide for borrowers as part of their commitment to helping people make informed choices when borrowing money. A quick guide to borrowing is now available on their website. This guide provides clear and straight-forward information...
In the light of newly published findings in a growing body of research, FinCap renews its calls for regulation to prevent unacceptable debt collection practices in Aotearoa. Regulating Debt Collection Practices in New Zealand: Options for Reform is a research paper authored by Tallara Daldorf and...
Parents, children, carers and whānau members should be able to participate fully in their communities to increase the prosperity of whānau and the wider community. The public management system needs to truly work for whānau in Aotearoa. No tamariki should have to go without essentials...
Whānau should not be facing significant harm from of high-pressure sales where commissions mean salespeople are incentivised to provide expensive products or services of little or no value. Such practices should be prohibited to prevent price discrimination that worsens the situation of whānau who are...
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...