Andrew Bayly: Commerce and Consumer Affairs Minister on the removal of the affordability regulations from the Credit Contracts and Consumer Finance Act

New Zealanders will soon be able to access finance with confidence. 

From today, the Government's removing the affordability regulations from the Credit Contracts and Consumer Finance Act and updating the Responsible Lending Code.  

Commerce and Consumer Affairs Minister Andrew Bayly says they're revoking 11 pages of overly prescriptive affordability regulations introduced by the last government. 

He told Mike Hosking it had impacted the most vulnerable when they needed finance the most. 

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