Anyone who tuned into the broadcast version a Two Cents Worth podcast last week may be forgiven for thinking they had tuned in to a church service. It began with a recitation of the first part of the Our Father. But Two Cents worth is advertised as being “Stories that make sense of business and Read more
The Government has responded swiftly and robustly with various economic packages, health advice, new measures and health-based restrictions that have created a new normal in Aotearoa. But action in the area of debt and financial hardship has been quite muted and lacks strategy the Salvation Army says. In a report published last Thursday, they say: Read more
The Catholic Church has made submissions on the Credit Contracts Legislation Amendment Bill The Bill amends the Credit Contracts and Consumer Finance Act by strengthening requirements to lend responsibly. It is designed to clamp down on predatory lending practices and stop borrowers being caught in a spiral of unaffordable debt. Writing in The SpinOff, business Read more
The Congregational Christian Church of Samoa (CCCS) is making an annual payment of $1.7 million to the Samoa National Provident Fund (SNPF) on a $15.11 million loan. The loan from the was taken out to assist with the building of their $17.39 million Jubilee Church and for and other developments. The Church’s Komiti o Feau Eseese Read more
The Families Commission has released a report Pacific families and Problem Debt which is based partly on discussions with members of Pacific communities and 25 agencies, such as budgeting services. Many of the service providers and informants stated that belonging to, and fully participating in, churches was important to their Pacific clients. This included making financial contributions to Read more