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Home World New Zealand

Government accidentally killed off loan sharks, review finds

22 May 2024
in New Zealand
Government accidentally killed off loan sharks, review finds
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High-cost lending provisions introduced in 2020 may have been too effective in killing off loan sharks, according to a discussion paper released by the Government this week.

Sold as “taking a bite out of loan sharks”, the Credit Contracts Legislation Amendment Act introduced provisions to reduce problem debt and high-cost…



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Tags: accidentallyFindsgovernmentkilledloanReviewsharks
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