Sue Tierney: Mortgage broker says changes to lending rules are too little, too late

episode

Best of Business not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Best of Business

Jannet Xuccoa: When's the right time for a trust? 44 min · 21 Dec 2025

All episodes from Best of Business →

Report any issue

Source

Recorded02 Aug 2022

Publisheromnycontent.com ↗

Handlerec:7249195

Show notes

A mortgage broker is dismissing changes to new lending rules as too little, too late.The Government is further tweaking consumer lending regulations, after earlier changes blocked some borrowers from getting loans.Three changes are planned, including narrowing the expenses lenders have to take into account.But mortgage broker Sue Tierney told Kate Hawkesby it's not good enough.She says they're ignoring the issue of "buy now, pay later" loans.Tierney says the whole idea of the Credit Contracts and Consumer Finance Act was to protect the vulnerable, and it's just not addressing that.LISTEN ABOVESee omnystudio.com/listener for privacy information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.