A mortgage broker is dismissing changes to new lending rules as too little, too late.

The Government is further tweaking consumer lending regulations, after earlier changes blocked some borrowers from getting loans.

Three changes are planned, including narrowing the expenses lenders have to take into account.

But mortgage broker Sue Tierney told Kate Hawkesby it's not good enough.

She says they're ignoring the issue of "buy now, pay later" loans.

Tierney says the whole idea of the Credit Contracts and Consumer Finance Act was to protect the vulnerable, and it's just not addressing that.

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