LOAN SHARKS
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In 2014 only NZ First and the NZ Conservative Party (of Centre Right Political Parties) supported regulating loan sharks. (see here) |
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Loan sharks prey on peoples nature to buy something on credit that generally they cannot afford. |
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The people using loan sharks who are generally on lower incomes pay very high rates of interest which only add to their poor monetary situation. |
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To not regulate Loan Sharks means they are free to contribute to some families poverty situation. |
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Commentary on Loan Sharks
Source Wikipedia
A loan shark is a person or body who offers loans at extremely high interest rates.[1][2] The term usually refers to illegal activity, but may also refer to predatory lending with extremely high interest rates such as payday or title loans. Loan sharks sometimes enforce repayment by blackmail or threats of violence. Historically, many moneylenders skirted between legal and extralegal activity. In the recent western world, loan sharks have been a feature of the criminal underworld.
View these Centre Right NZ Political Party Policies and voting position on LOAN SHARKS.
Note: Policies subject to change. Please check the Policy Links for the latest Policy if available. These are the voting positions of party leaders for the 2014 General Election as reported to Family First who asked the questions below. Please refer to the linked website ‘Value Your Vote 2014‘ for more information and updates.
| PARTY | VOTING POSITION/ POLICY | Policy link |
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Questions asked for the 2014 election
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Regulation of loan sharksWill you SUPPORT or OPPOSE stronger regulation of loan sharks, including registration and caps on high interest rates GREEN answers support the Conservative position. |
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Jamie Whyte OPPOSED |
Policy link |
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Peter Dunne OPPOSED |
Policy link |
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Winston Peters SUPPORTS |
Policy link |
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John Key NO RESPONSE |
Policy link |
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Colin Craig SUPPORTS |
Policy link |
