Latest News
Media Releases
13 April 2023
The FSF has appointed a Business Development Manager, who brings with them a wealth of experience in the association world from their seven years at BusinessNZ.
30 March 2023
The Financial Services Federation (FSF) has announced its decision to extend membership to New Zealand’s responsible broker community.
14 February 2023
The Financial Services Federation (FSF) is encouraging the government to reconsider a statutory relief package that only considers homeowners affected by the extreme weather event.
17 November 2022
The non-bank lending sector celebrated at the Financial Services Federation’s biggest ever, sold-out Awards on 16 November, following a hiatus for two years.
FSF in the News
17 November 2022
Government's controversial home lending rules: Minister David Clark announces tweaks less than four months after law change
NZ Herald, 11 March 2022
The Government's tweaks to the responsible lending rules may not move the dial enough to make a difference to borrowers, a group representing New Zealand's banks says.
This morning Commerce and Consumer Affairs Minister David Clark announced changes to Credit Contracts and Consumer Finance Act - less than four months after it was tightened.
17 November 2022
Credit crunch or responsible lending? Has the law gone too far?
NZ Herald, 4 February 2022
It was meant to protect vulnerable borrowers from getting too deep into debt or being targeted by predatory lenders.
Instead, the introduction of regulations tightening up the Credit Contracts and Consumer Finance Act (CCCFA) has resulted in a raft of tales from would-be borrowers about being turned down for home loans [...]
17 November 2022
Are non-bank lenders able to full the mortgage lending gap?
Stuff.co.nz, 30 January 2022
Non-bank lenders are reporting a surge in mortgage inquiries in the wake of new lending rules, but those applications are not guaranteed success, Lyn McMorran, executive director of the Financial Services Federation says. Changes to the Credit Contracts and Consumer Finance Act (CCCFA), which came into force on December 1, require lenders, including banks, to scrutinise borrowers far more rigorously than in the past.
17 November 2022
Editorial: Lending an ear to warnings could have spared red faces
NZ Herald, 21 January 2022
The Financial Services Federation (FSF), the industry body for responsible non-bank lenders, has added to the chorus of disapproval by writing to Clark and officials outlining its concerns. "These laws do not just affect bank customers, but people seeking finance for anything from a motor vehicle to a household appliance or a mortgage from a non-bank provider, which is a steadily growing sector," the federation says.