Banking and Finance

Government announces review of the CCCFA
On 8 August 2023, the Commerce and Consumer Affairs Minister announced increased protections for consumers using Buy Now Pay Later (BNPL) credit contracts, which aim to strike “a balance...
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Further CCCFA changes on the horizon
On 2 August 2022, the Minister of Commerce and Consumer Affairs announced that additional...
What the new CoFI regime means for financial institutions
The Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFI Act) received Royal assent...
Government relaxes 2021 CCCFA Changes
The Government has recently made some practical (and much welcomed) amendments to the responsible...
Failure to obtain consent a costly mistake – FTG Securities Limited v Bank of New Zealand
The recent Court of Appeal’s decision in FTG Securities Limited v Bank of New...
Banking and finance: consumer credit law update
Credit Contracts Legislation Amendment Bill The first draft of the Credit Contracts Legislation Amendment...
Commerce Commission prosecutes finance company for taking security over prohibited items
In the first prosecution of its kind by the Commerce Commission, Aotea Finance (West...
Banking and finance: consumer credit law update and personal property securities update
Consumer credit law update Earlier this year, the Government sought feedback from the public...
The Australian Consumer Data Right and Open Banking
Introduction In 2017 the Australian Government announced its intention to legislate a Consumer Data...
Cryptocurrencies – deciphering New Zealand’s approach to regulating digital tokens
If you’re thinking about providing a financial service in relation to cryptocurrencies, it’s critical...
Government signals further tightening of consumer credit laws
The Government has recently signalled further tightening of our consumer credit laws and is...
Robo advice for financial matters – proposed law change brings this closer to reality
In October 2017, the Financial Markets Authority (FMA), which plays a critical role in...