Articles tagged with 'Responsible lending'
Big banks weigh affordability changes
26 March 2021 - ANZ has confirmed it will review its affordability criteria for investor loans in the wake of the Government's housing reforms. TMM Online asked the rest of NZ's major lenders if they plan to follow suit.
BNZ warned over responsible lending failings
2 December 2020 - The Commerce Commission has warned BNZ over "likely" responsible lending breaches, and failures to give borrowers timely and accurate information.
Australia scraps responsible lending laws
25 September 2020 - The Australian government has axed responsible lending laws in "the most significant reforms to Australia's credit framework in a decade".
Super Fund, AMP exclude weapons
12 April 2019 - Fund managers are adding exclusions in line with New Zealand's new gun laws.
LVR loosening: advisers react
28 November 2018 - Advisers say the Reserve Bank’s decision to loosen LVR restrictions will boost homebuyers, but warn tighter credit and loan servicing conditions will restrain volumes.
Fund managers hypocritical on RI: Stubbs
20 September 2018 - Fund managers that offer both “ethical” and “normal” investment strategies to clients are “hypocritical” in their approach to responsible investing, according to the managing director of KiwiSaver provider Simplicity.
Mortgage fraudsters jailed
3 August 2018 - A former BNZ banker and a lawyer have been handed jail terms for committing a $54 million mortgage fraud in Auckland and Hamilton.
ANZ increases servicing rate for loans
11 April 2018 - ANZ has raised the servicing rate required for mortgage approvals, according to advisers.
Risk based pricing for Co-op Bank personal loans
31 March 2017 - Personalised rates based on credit scores will now be available for personal loans at the Co-operative Bank which has adopted a risk-based approach to applications.
Grosvenor dumps Vanguard over cluster bombs
23 August 2016 - Grosvenor Financial Services has moved quickly to the furore around index funds investing in cluster bomb manufacturers by replacing one of its index managers, although the move comes at a cost.
Mortgage fraudster gets jail time
16 March 2016 - Disgraced mortgage broker was sentenced to jail time, for fraud worth millions of dollars, in the Manukau District Court today.
More than just ability to pay matters
18 February 2016 - An Auckland mortgage broker says she has noticed banks taking lifestyle factors into consideration much more when processing home loan applications.
MTF case reaches Supreme Court
12 November 2015 - A long-running battle over what exactly lender credit fees should cover has hit the Supreme Court this week.
New era of responsible lending begins
5 June 2015 - Vulnerable consumers are set to be better protected as the government’s new responsible lending rules come into force this week.