The Salvation Army welcomes the Government’s bravery to provide stronger protections to New Zealanders. The Army
applauds the announcement by Prime Minister Jacinda Ardern today to tackle predatory lending and protect vulnerable
consumers. It is particularly pleasing to see a cap on interest fees, penalties for loan sharks who break the rules and
a ‘fit and proper person’ test for lenders, door-to-door salespeople and truck shops, Major Campbell Roberts Principal
Advisor to the Army’s Social Policy and Parliamentary Unit says. “These reforms will help the valuable and often
undervalued work of budgeters and financial mentors often assisting consumers to struggle under a mountain of debt to
mobile trucks and pay day lenders. We look forward to their inclusion in legislation this year.” It is important to see
these reforms carried through in their entirety, not watered down under the influence of lobby groups as happened to the
most recent attempt at reforms in 2015, Major Roberts says. The reforms proposed will benefit all New Zealanders, but
they particularly present an opportunity to make a real difference to people struggling with debt and who have suffered
for too long from the actions of unscrupulous lenders. “Added to products like micro finance, other ethical lending
models and financial inclusion products real change can occur in practices which have cast a dark shadow on the lives of
Caring for people, transforming lives and reforming society.
The Salvation Army is an international movement and an evangelical branch of the Christian Church that expresses its
ministry through a range of spiritual and social programmes. Our operational headquarters for New Zealand, Fiji and
Tonga is in Wellington, New Zealand.