Sasha Lockley: Money Sweetspot Co-founder And CEO On The Government's Changes To The Responsible Lending Code Heather Du Plessis-Allan Drive podcast

Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Heather du Plessis-Allan Drive »
Sasha Lockley: Money Sweetspot co-founder and CEO on the Government's changes to the Responsible Lending Code

16m ago 5:19

MP3•Episode home

There's growing concerns from expert as the Government rolls back some restrictions needed to take out a loan.

From today, The Government has removed affordability regulations from the Credit Contracts and Consumer Finance Act and updated the Responsible Lending Code.

Money Sweetspot co-founder and CEO Sasha Lockley says relaxing these requirements means more people are at risk of getting into debt that they can't afford to pay back.

"People believe what banks and finance companies tell them around affordability...and if you go to some of the bad actors in this financial system, they may say - yes, absolutely you can afford it, when actually, people can't."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

6928 episodes

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News