Beyond the Shadow of Debt – Shining a Light on High-Cost Lending

For many New Zealanders the consumer credit lending experience is generally positive, with many credit lenders complying with regulations. Credit law reforms including the recent changes to regulations signal a commitment from the government to ensure lenders are diligent in their duty of care towards consumers. However, our concern, despite the current credit laws, many vulnerable families and communities continue to be exploited through irresponsible and harmful lending practices, most often through short-term high-cost loans.