This webinar will discuss the background of the new CCCFA requirements and unbundle the changes which will impact on you and the advice which you provide to clients.
From October, these changes will result in lenders having different requirements for you as an adviser. This will mean you will have to adjust the information you obtain from your clients, so will impact on your policies, processes and controls which you have developed to meet your new obligations and duties under FSLAA.
The Credit Contracts and Consumer Finance Act 2003 (CCCF Act) is a law that helps protect consumers when they are borrowing money. It sets out rules lenders must follow when lending money. These rules mean the consumer gets useful information to help them select the best credit and understand what they are agreeing to. Therefore this change will impact all mortgage advisers who seek financing solutions for their clients.
Our expert is Pauline Ho.
Pauline is a Special Counsel in the banking and finance team at Dentons Kensington Swan. She has worked in both the United Kingdom and New Zealand and has over 15 years’ experience acting for lenders and borrowers across a wide range of syndicated and bilateral financing arrangements including acquisition financings, working capital and revolving credit facilities, term facilities and debt restructurings.
Pauline also works with a number of New Zealand’s leading financial service providers, ranging from leading banks to dynamic fintechs. She advises numerous providers in relation regulatory compliance in the consumer finance sector, including the recent and upcoming amendments to the Credit Contracts and Consumer Finance Act 2003.
If you register early you will be sent an email with a link directly to the webinar.
This webinar is offered FREE to Financial Advice Members and $50+gst for non-members (non-members please email firstname.lastname@example.org).