ZB

Roger Beaumont: New law is making loans harder to get

Author
Newstalk ZB,
Publish Date
Mon, 24 Jan 2022, 6:58pm
(Photo / File)
(Photo / File)

Roger Beaumont: New law is making loans harder to get

Author
Newstalk ZB,
Publish Date
Mon, 24 Jan 2022, 6:58pm

Complaints about bank lending are piling up with the banking ombudsman. In fact, they've doubled since new borrowing rules came into force in December.   

Over the summer we've heard reports of banks questioning spending on KFC and Uber rides as part of their due diligence.  

In one case a bank told a pregnant Dunedin woman it would only approve her loan if she returned to work within three months of the birth.  

Roger Beaumont, chief executive of the NZ Bankers Association, joined Heather du Plessis-Allan. 

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