Banks welcome changes to consumer lending law - NZBA voxy.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voxy.co.nz Daily Mail and Mail on Sunday newspapers.
The government has announced it will reform financial services in a bid to make it easier to get home loans and other lending, and strengthen customer protections.
New Zealand Banking Association chief executive Roger Beaumont says: “We welcome the removal of overly prescriptive affordability assessment requirements because it should help fix the one-size fits all approach that treated all types of lending .