The Commerce Commission has filed civil proceedings against Harmoney at the High Court, claiming peer-to-peer lender Harmoney's platform fees broke the law and borrowers deserve compensation.
TSB Bank has revealed it has lent $50 million in peer-to-peer loans via Harmoney.
National and NZ First have blocked Act leader David Seymour’s attempt to add a definition of a credit fee to the Credit Contracts and Consumer Finance Act.
Act leader David Seymour is calling on the Minister of Commerce to allow peer-to-peer platforms flexibility in their charges.
Peer-to-peer platform Harmoney has launched its automated lending system.
This may come as a surprise to many of us, but the Reserve Bank is now saying LVR restrictions are permanent and not temporary. However, if there is a plus it's that since the slight LVR easing earlier this year investor lending has picked up.