The Credit Contracts Legislation Amendment Bill has passed its third reading.

Commerce and Consumer Affairs Minister Kris Faafoi says too many Kiwis get unaffordable and unsuitable loans - trapping them in debt.

The new legislation is taking effect on April 1, 2021.

>> More Politics News

Other Politics News

09 Feb: Christchurch's Mayor says feedback on the new metro sports centre has been largely positive, despite some early challenges

09 Feb: Thailand PM Anutin Charnvirakul confident of forming government after election

09 Feb: The Prime Minister remains hopeful, for a fall in unemployment this year

09 Feb: A defence lawyer's suggesting we could be paying jurors more

08 Feb: Many businesses across the country could have unknowingly have a gender pay gap

07 Feb: Former UK Prime Minister Gordon Brown has weighed into the saga involving one of his ex MP's links with sex offender Jeffrey Epstein

07 Feb: British PM Sir Keir Starmer pressured to resign amid fallout of Peter Mandelson's ties to Jeffrey Epstein

Top Stories

RUGBY
Australian sprint sensation Gout Gout will NOT compete at this year's Glasgow Commonwealth Games, choosing to focus on the world under-20 championships that start just three days later More...

BUSINESS
Almost 10-thousand Air New Zealand customers have had their travel plans ruined by upcoming strike action this week More...

Today's News

Soccer:
Sarpreet Singh is highlighting the change at the Wellington Phoenix in his time away 18:37

Entertainment:
Jennifer Esposito has lost the home she mortgaged to finance her directorial debut film, Fresh Kills, but she is "deeply proud" of herself for following her dreams 18:21

General:
Winter Olympics 2026: Lindsey Vonn hailed as 'idol' by downhill rivals after Milano Cortina crash 18:17

Business:
Almost 10-thousand Air New Zealand customers have had their travel plans ruined by upcoming strike action this week 18:07

Entertainment:
Chris Noth is feeling "very lucky" he is no longer part of the And Just Like That..., after it was cancelled 17:51

Skiing:
She may have topped qualifying - but snowboarder Zoi Sadowski-Synnott's indicating she still has a couple of surprises up her sleeve for tomorrow morning's Big Air final at the Winter Olympics 17:37

Business:
The Energy Minister says progress will be swift on a new gas-importing facility 17:27

Law and Order:
Closing arguments have wrapped up at an Auckland court martial - where a senior naval officer's pleaded Not Guilty to misconduct 17:27

Entertainment:
Kit Harington feels "very lucky" to be married to Rose Leslie 17:21

Rugby League:
Champion halfback Adam Reynolds will finish his stellar career at the end of the NRL season 16:57

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