8391 (2024). Arena Williams to the Minister of Commerce and Consumer Affairs

Written Question

Published date: 08 May 2024

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	8391 (2024)
Question asked:	23 Apr 2024
Member asking:	Arena Williams
Portfolio:	Minister of Commerce and Consumer Affairs
Minister replying:	Hon Andrew Bayly
Answer received:	02 May 2024
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_08391_2024
Document guid:	90f80d1a-b8d4-4108-b96f-019cec6c6f3d

8391 (2024). Arena Williams to the Minister of Commerce and Consumer Affairs: What evidence, if any, does the Minister have that New Zealanders are currently borrowing from "unregulated high-cost sources”?

Hon Andrew Bayly: Lenders have told me that they have seen New Zealanders borrow from unregulated high-cost sources because they could not access traditional lending.