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

17 Oct: The Health Minister isn't ruling out a law change affecting some doctors ability to strike

16 Oct: Pushback against proposed Government changes to marine and coastal area law

16 Oct: Why did Britain's case against two alleged Chinese spies collapse?

16 Oct: The Foreign Minister instructed officials to bring Trevor Mallard back early - the same day his successor was approved

16 Oct: Pakistan and Afghanistan agree to temporary ceasefire after deadly violence along border

15 Oct: Hospitality New Zealand's throwing its support behind a Government inspection of sector rules

15 Oct: Expectations Government moves to cut red tape - could save hospitality businesses money

Top Stories

RUGBY
A major moment for Super Rugby Pacific's resurrected Super Round More...

BUSINESS
New Zealand Breakers coach Petteri Koponen is backing two of his imports to find their feet in tonight's Australian basketball league outing in Auckland More...

Today's News

Business:
New Zealand Breakers coach Petteri Koponen is backing two of his imports to find their feet in tonight's Australian basketball league outing in Auckland 13:27

Entertainment:
Josh Allen sees Hailee Steinfeld as an "undeniable rockstar" 13:17

International:
Ace Frehley, founding member of rock group KISS, dies at 74 13:17

Law and Order:
More Palestinian prisoners allege mistreatment in Israeli prison system after being reunited with their families 13:17

National:
With 83% of its buildings destroyed, Gaza needs more than money to rebuild 13:07

Law and Order:
The mother of Tom Phillips' children has joined legal proceedings, around the suppression of key case details 13:07

Entertainment:
Britney Spears says people should "find a new family" if they haven't "honoured you" 12:47

Cricket:
Former New Zealand cricket captain Tim Southee's playing down the notion of sharing "intellectual property" with his new employers 12:47

Law and Order:
A spotlight will be turned on children's motocross after a coroner ruled four deaths will be examined in a joint inquest 12:27

Entertainment:
Cardi B feels "tired" of her public feuds 12:17

News Search

Power Search