An interest rate cap for loan sharks and regulations for truck shops are on the cards to minimise irresponsible lending practices on vulnerable consumers, many of whom are Māori and Pasifika. Commerce & Consumer Affairs Minister Kris Faafoi announced these as additional protections to be included in the Credit Contracts Legislation Amendment Bill.
Tag: Finance. Showing results 1 - 10 of 11
Showing results 1 - 10 of 11
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Have you been cyber-scammed?
13,000 instances of online scams and $33mil in losses were reported to NetSafe by New Zealanders last year. Total losses have tripled since 2017.
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NewsLiving wage to rise following minimum wage increase
New Zealand's 'living wage' is set to rise from $20.55 to $21.15. It comes after the minimum wage was lifted today.
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Calling for a pokie-free Tairāwhiti
Elizabeth Crawford, chairperson of Kapai Kaiti in Gisborne, wants to rid Tairawhiti of pokie machines because of the harm they inflict on Māori whānau. This follows the closure of problem-gambling service Te Ara Tika which Crawford says leaves people with gambling problems without support.
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Free event reduces financial stress for low income whānau
Keeping the tamariki entertained over the school holidays be financially stressful for parents, but Funfest in Auckland is helping to relieve some of that burden.
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Financial mentoring aims to get whānau out of debt
This year the Salvation Army is focusing on strengthening the financial literacy of Māori families to help get them out of debt and reduce poverty.
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Debt and housing major concerns for Māori
A new survey shows that financial debt and insecurity alongside housing affordability and homelessness are the two main concerns for Māori. Te Puea Marae frontman Hurimoana Dennis isn't surprised and says these are the same issues affecting whānau they help through their homelessness programme.
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Top five concerns among Māori in 2018
The top five things that kept Māori awake at night during 2018 have been released in a new study
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Close to $140 million spent on Boxing Day
The figure is up by 11 per cent on last years Boxing Day and there were 2.5 million transactions made, says electronic payments provider Paymark.
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50,000 shoppers visit Sylvia Park on Boxing Day
Boxing Day shopping chaos has hit malls around the country as thousands of New Zealanders go on the annual bargain hunt.
