Minister intends to bring coherence back to finance sector rules
Proposed changes aim to simplify regulations, cut red tape, reduce costs.
WATCH: Commerce Minister Andrew Bayly speaks with Brent Edwards.
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Commerce Minister Andrew Bayly is intent on making changes to financial services regulations to stop people going to motorcycle gangs to borrow money.
Bayly, who announced a raft of changes last week, told NBR that the Credit Contracts and Consumer Finance Act – which was aimed at protecting
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