Working towards a fairer consumer credit market

A study of the issues in New Zealand’s consumer credit market and proposals for reform
Economics economic reform Consumer credit Low-income consumers Interest rates loan sharks Payday lending New Zealand

This paper considers interest rate caps, what is known about their use and impact in other jurisdictions (including Australia, the UK, the US and Canada), and how might they contribute to a fairer consumer credit regime in New Zealand. It is part of a larger project examining issues around high-cost lending in New Zealand.

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