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17 November 2022

The non-bank lending sector celebrated at the Financial Services Federation’s biggest ever, sold-out Awards on 16 November, following a hiatus for two years.

14 September 2022

The Financial Services Federation (FSF) is urging Kiwis to be vigilant if contacted by anyone claiming to be from the FSF asking for money – it is a scam. The FSF has been made aware of its name and/or logo being used fraudulently in attempts to obtain money or other private or financial information.

19 January 2022

The Financial Services Federation (FSF), the industry body for responsible non-bank lenders, has written an open letter to Commerce and Consumer Affairs Minister David Clark and officials outlining specifically what it believes needs to be done, and a desire to work together to get it right.

16 November 2021

Changes to consumer lending law to help people avoid unaffordable debt mean it may take longer to get a loan from 1 December. Information to help consumers prepare for the changes has been welcomed by financial mentors and lenders.

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FSF in the News

16 November 2021

Government's controversial home lending rules: Minister David Clark announces tweaks less than four months after law change

NZ Herald, 11 March 2022

The Government's tweaks to the responsible lending rules may not move the dial enough to make a difference to borrowers, a group representing New Zealand's banks says.

This morning Commerce and Consumer Affairs Minister David Clark announced changes to Credit Contracts and Consumer Finance Act - less than four months after it was tightened.

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16 November 2021

Credit crunch or responsible lending? Has the law gone too far?

NZ Herald, 4 February 2022

It was meant to protect vulnerable borrowers from getting too deep into debt or being targeted by predatory lenders.

Instead, the introduction of regulations tightening up the Credit Contracts and Consumer Finance Act (CCCFA) has resulted in a raft of tales from would-be borrowers about being turned down for home loans [...]

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16 November 2021

Are non-bank lenders able to full the mortgage lending gap?

Stuff.co.nz, 30 January 2022

Non-bank lenders are reporting a surge in mortgage inquiries in the wake of new lending rules, but those applications are not guaranteed success, Lyn McMorran​, executive director of the Financial Services Federation says. Changes to the Credit Contracts and Consumer Finance Act (CCCFA), which came into force on December 1, require lenders, including banks, to scrutinise borrowers far more rigorously than in the past.

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16 November 2021

Editorial: Lending an ear to warnings could have spared red faces

NZ Herald, 21 January 2022

The Financial Services Federation (FSF), the industry body for responsible non-bank lenders, has added to the chorus of disapproval by writing to Clark and officials outlining its concerns. "These laws do not just affect bank customers, but people seeking finance for anything from a motor vehicle to a household appliance or a mortgage from a non-bank provider, which is a steadily growing sector," the federation says.

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