Govt cracks down on loan sharks to counter ‘spiral of debt’
143 views · Published 10 October 2018 · 4:17 · Indexed 29 September 2026
Channel: RNZ · 2018 · News & Politics
The government has announced tough new measures to crackdown on high-cost lenders, including capping interest rates and fees to 100 percent, meaning someone who borrows $500 will pay back a maximum of $1000.
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