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Enforcement Issues: Working Towards a Fairer Consumer Credit Market: A Study of the Issues in New Zealand’s Consumer Credit Market and Proposals for Reform

posted on 2021-06-22, 03:40 authored by Victoria StaceVictoria Stace, Emily Chan
This paper sets out how the law (being the law as at April 2019) relating to high-cost lending, is enforced. It identifies the current problems with enforcement that have been recognised in the policy papers to date, and outlines the reforms proposed in the 10 October 2018 reform package. It provides information on how consumer credit regulation is enforced in Australia and the UK, and makes note of the suggestions around enforcement made by the submitters to the Ministry of Business, Innovation & Employment (MBIE)’s June 2018 Discussion Paper “Review of Consumer Credit Regulation” (the June 2018 Discussion Paper). It makes a series of recommendations as to how to improve enforcement of the Credit Contracts and Consumer Finance Act 2003 (CCCFA) based on the research findings.




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Research Paper for a Final Report to the Borrin Foundation

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