CCCFA reform inches forward; cabinet paper admits to flaws
Until then, they will have to stick with rules that all sides agree have harmed responsible, as well as vulnerable would-be borrowers.
The government last week announced partial reforms of the rules while persisting with a fuller investigation through until April.
The first tranche of this two-tranche process includes removing regular savings and investments from the list of a would-be borrower's costs, and ending the need to comb through bank statements where robust financial data is already available.
For some time after this decision was announced, lending industry leaders only knew what they had heard from the media, and they complained of Government by press statement.
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