新闻NBS had issues with breaching the responsible lending requirements set out in the Credit Contracts and Consumer Finance Act on Jul 8th '26.The deals were reached with the ASB, TSB and Nelson Building Society, which all admitted to breaching the responsible lending requirements set out in the Credit Contracts and Consumer Finance Act (CCCFA).
新闻NBS had issues with failing to conduct proper affordability assessments on Jul 1st '26.Nelson Building Society admitted some interest overcharges, not having adequate systems, processes, and controls to provide continuing disclosure and the required information and documents to borrowers and guarantors when loans were changed, and failing to conduct proper affordability assessments for 37 migrant workers.
