Letter: Credit Contracts and Consumer Finance Act (CCCFA) changes

8 March 2022

In this joint letter with FinCap, Christians Against Poverty, Ngā Tāngata Microfinance and more, we call on MPs to support changes to the Credit Contracts and Consumer Finance Act (CCCFA) to help protect whānau from spiral debt.

No whānau in Aotearoa should end up facing serious stress, losing their most valuable belongings or going without kai because a lender is collecting on a loan that was always going to be unaffordable.

This open letter to New Zealand’s MPs backs safe lending laws that bring financial wellbeing to our communities and asks all parties to support the 2021 reform of the Credit Contracts and Consumer Finance Act (CCCFA).