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Page last updated: 20 October 2025

Credit Contracts and Consumer Finance Act (CCCFA)

Transfer of responsibility for regulation of consumer credit

In 2024 Cabinet approved the transfer of responsibility for regulating the Credit Contracts and Consumer Finance Act (CCCF Act) from the Commerce Commission to the Financial Markets Authority.

The transfer is being effected by the Credit Contracts and Consumer Finance Amendment Bill (Amendment Bill).

Credit Contracts and Consumer Finance Amendment Bill

  • March 2024: Cabinet approved the transfer of regulatory responsibility for the CCCFA from the Commission to the FMA
  • 31 March 2025: Credit Contracts and Consumer Finance Amendment Bill Introduced to Parliament
  • 20 May 2025: First reading and referred to the Finance and Expenditure Select Committee
  • 20 October 2025: Finance and Expenditure Select Committee reported back to the House, recommending by majority that the Bill be passed.

The Amendment Bill has to go through several more steps in the Parliamentary process before it becomes an Act. While the transfer date is yet to be determined, the Commission, FMA and MBIE continue to work together to achieve a seamless transfer, in parallel with the Parliamentary process.

Until the transfer of responsibility takes place, lenders should continue to engage with the Commission on CCCFA matters.

The Amendment Bill also makes a number of other changes to the CCCFA and you can read more about the Amendment Bill and changes to the CCCFA on the Ministry of Business, Innovation and Employment’s website.

For a copy of the Amendment Bill and to follow progress of the Amendment Bill through the legislative process visit New Zealand Parliament website.

For any queries about current CCCFA matters please visit the Commerce Commission website or contact their team via email.

We will update this page as the Amendment Bill progresses.   

 

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