Interest charges under a consumer credit contract

Following the transfer of the regulation of the Credit Contracts and Consumer Finance Act (CCCFA) to the Financial Markets Authority (FMA) on 1 July 2026 all references in this document to the Commerce Commission should be read as being the FMA.

As part of the transfer process amendments were made to the CCCFA. This document has not been materially impacted by those changes, but note that the FMA now has the power to declare that certain types of contracts may be either high-cost consumer credit contracts or related consumer credit contracts under sections 45C and 45E of the CCCFA.

You can contact the FMA here

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