Commerce minister targets excessive regulatory ‘overlay’
Andrew Bayly outlines an ambitious programme of financial services reform including prioritising CCCFA changes.
WATCH: Commerce Minister Andrew Bayly and FMA chief executive Samantha Barrass speak to journalists.
It used to take one financial services provider in Te Awamutu just a couple of hours to process a small loan, Commerce Minister Andrew Bayly said.
“Now, it takes between eight and 10 hours, (and) as a result they cannot now offer to their clients... small amounts of loans, they have to have large
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