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FinCap - Latest News [Page 1]
FinCap Disappointed In Safe Lending Changes
Monday, 16 September 2024, 2:06 am | FinCap
We believe licensing will allow the FMA to prevent irresponsible lending practices in a more timely manner. Now is also a good time to improve regulator visibility of debt collection markets through licensing. More >>
Translation Service Helps People Overcome Language Barriers
Monday, 15 July 2024, 10:45 am | FinCap
A leading financial mentor says translated documents are helping people whose second language is English to navigate their way around the complexities of documentation. More >>
FinCap Voices Report 2023 Launch
Friday, 17 May 2024, 5:48 am | FinCap
A new report which shows New Zealanders are struggling to pay increasing amounts of debt and are increasingly turning to financial mentors, comes after many financial mentoring services learned that their funding will end. More >>
FinCap Welcomes Government Announcement Of $3 Million Funding Boost For Building Financial Capability Services.
Friday, 17 March 2023, 2:58 pm | FinCap
FinCap warmly welcomes todays Government announcement of a one-off, time-limited funding boost of $3 million for providers to assist whānau in accessing MSD-funded Building Financial Capability services. Minister for Social Development and Employment ... More >>
FinCap Calls For Action Toward Fair Debt Collection For Whānau Doing It Tough This Christmas
Tuesday, 13 December 2022, 9:11 am | FinCap
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 ... More >>
FinCap Calls On Buy Now Pay Later Lenders To Do The Right Thing
Thursday, 3 November 2022, 5:35 am | FinCap
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 ... More >>
FinCap Calls On Buy Now Pay Later Lenders To Do The Right Thing
Wednesday, 2 November 2022, 3:22 pm | FinCap
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 ... More >>
$5m Partnership Boosts Access To Regional Banking Services
Monday, 31 October 2022, 11:29 am | FinCap
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 ... More >>
CCCFA Safe Lending Laws Mean Financial Wellbeing For Whānau
Tuesday, 2 August 2022, 2:40 pm | FinCap
As FinCap digests the Government’s response today to the Investigation into the impacts of Credit Contracts and Consumer Finance Act 2003 changes, we continue to stress the importance of safe lending laws to support whānau as they are up against ... More >>
FinCap And Muaūpoko Tribal Authority Join Calls For Inclusion In Aotearoa
Thursday, 28 July 2022, 9:59 am | FinCap
FinCap and Muaūpoko Tribal Authority (MTA) strongly support Citizens Advice Bureau New Zealand calling for inclusion in the digital age as a special debate on inclusion is due to commence in Parliament at 3pm today. FinCap and Muaūpoko Tribal Authority ... More >>
FinCap Welcomes Conduct Of Financial Institution Reform Focus On Culture Change At Our Banks And Insurance Companies
Wednesday, 29 June 2022, 9:21 am | FinCap
FinCap welcomes of the Financial Markets (Conduct of Institutions) Amendment Bill and especially the incoming requirement that banks and insurers consider how their conduct could challenge the wellbeing of those unable to pay. Ruth Smithers is the ... More >>
FinCap Backs Government’s Commitment To Safe Leading
Friday, 11 March 2022, 9:15 am | FinCap
FinCap welcomes the Government’s ongoing commitment to safe lending. Laws requiring all lenders to have robust processes to only sell suitable and affordable loans will continue to prevent harm in our communities. This morning Minister Clark announced ... More >>
Community Organisations Back Safe Lending Laws That Will Bring Financial Wellbeing To Our Communities
Wednesday, 9 March 2022, 6:57 am | FinCap
On Tuesday 8 March ActionStation, Christians Against Poverty (CAP), Citizens Advice Bureau (CAB), Debtfix, FinCap, Good Shepherd NZ, Muaūpoko Tribal Authority, New Zealand Council of Trade Unions - Te Kauae Kaimahi (NZCTU), Ngā Tāngata Microfinance ... More >>
More Whānau Facing Mental Health, Housing And Other COVID-19 Related Financial Challenges - Financial Mentors Report
Wednesday, 12 January 2022, 6:11 am | FinCap
Financial mentors committed to their communities across Aotearoa are coping with the increased strain created by COVID-19 - but only just. FinCap is calling for ongoing, sustainable funding for all financial mentors’ vital work as new data reveals they’re ... More >>
New Research Reveals Harm Caused By Debt Collection Practices
Tuesday, 28 September 2021, 6:46 am | FinCap
FinCap is calling for robust regulation to counter unfair debt collection practices in Aotearoa, following the release of a new research report today. Overwhelming bombardment via phone calls, texts, emails and in-person visits as well as unpredictable yet ... More >>
FinCap Welcomes Commerce Commission Open Letter To Telecommunications On Consumer Overpsending
Thursday, 17 September 2020, 10:25 am | FinCap
FinCap welcomes the open letter sent by the Commerce Commission to New Zealand’s three mobile phone operators mobile telecommunications companies, telling them that they need to guard against overspending by mobile phone customers. The open letter ... More >>
Interest Rate Cap Introduction Will Make A Big Difference To Families In New Zealand
Thursday, 4 June 2020, 3:34 pm | FinCap
This week, on 1 June 2020, an interest rate cap on high-cost loans (over 50% interest per annum) was finally introduced in New Zealand. The introduction of an interest rate cap will help borrowers, like Sarah Newham, who presented to Select Committee ... More >>
Local Financial Capability & Budget Services Get New Funds To Help Kiwis Impacted By COVID-19
Thursday, 21 May 2020, 6:54 pm | FinCap
New money in the COVID-19 response fund will help free local financial capability and budgeting services to support Kiwis impacted by COVID-19. Getting free advice and support early will help Kiwis avoid long term financial hardship. Today, the ... More >>
FinCap Welcomes Bringing Forward Restrictions On Lending Because Of COVID-19
Thursday, 30 April 2020, 1:44 pm | FinCap
FinCap welcome’s the Government's announcement that they are bringing forward the introduction of the 100% repayment limit and ban on compounding interest for high cost loans, and the $30 cap on default fees for all loans, through the COVID-19 ... More >>
Open Letter To Essential Service Providers To Support People In Financial Hardship Due To COVID-19
Sunday, 5 April 2020, 3:46 pm | FinCap
COVID-19 is causing immense disruption to our society and our economy. Hundreds of thousands of New Zealanders and their families now face having to survive on a reduced income. These people are worried about whether they can pay their rent or ... More >>
