FSF welcomes the conversation but has concerns the proposals could only make it harder and more costly for lenders who already adhere to the law, and just drive predatory lenders more underground.

"It’s often the way in financial services that the bad eggs get all the attention, we think it’s about time that responsible lending stars got recognised too."

FSF is urging banks to proceed sensibly in response to a suggestion not to provide banking services to anyone in the mobile trading sector.

In light of recent news reports highlighting unscrupulous mobile trading practices, the Financial Services Federation is urging consumers to take advantage of its Responsible Mobile Shop Code...

 "The new website is a fantastic avenue for FSF to spread its message of responsible lending even further to reach everyday consumers."

NZ's dealerships are being reminded to prepare for upcoming anti-money-laundering obligations.

New Zealand’s non-bank lenders have again experienced strong growth in 2017 financial year, boosted by the industry’s vehicle finance companies.

The Commerce Commission’s crackdown on the mobile trader sector has resulted in more than $1 million in fines to unscrupulous traders, or “truck shops”, as they have become known.