Larry Williams Drive

A financial lender says upcoming changes probably won't make a dent .... in the current credit crunch.An MBIE letter sent to lenders and the finance industry says the responsible lending code is being updated in July.  The Ministry says it'll remove aspects of the tougher laws – including asking about living expenses. Financial Advice NZ head, Katrina Shanks, told Heather du Plessis-Allan financial lenders shouldn't be held responsible for money given out. “While you’ve got that personal liability of directors and officers within a firm's institution, they’ll be very conservative in what they’ll allow their employees to do with discretion.” LISTEN ABOVESee omnystudio.com/listener for privacy information.