The 31 financial institutions who are working with Cuscal are set to go live with Apple Pay today. The National Credit Providers Association, the peak industry body representing ASIC licensed small loan credit providers in Australia, is to develop a Code of Conduct. "This is a formal and long-term plan from the NCPA to self-regulate the industry it represents and set strict best practice rules in place," said Phil Johns, the Association's chief executive officer. The NCPA membership comprises 37 of the approximately 50 active brands in the market, with ten of those brands controlling more than 80 per cent of the market, Johns said. He noted his members account for 90 to 95 per cent of the small loan industry, based on loan numbers written and credit advanced to consumers. The REINZ house sales figures for October show that the latest loan-to-value ratio lending restrictions in New Zealand are having an impact. House sales were down slightly in seasonally adjusted terms, compared to the strong monthly gains that were being recorded before the LVR restrictions in late July, Westpac Institutional Bank's NZ economics team observed in a note to clients. "Local and international experience suggests that lending restrictions tend to have their peak impact on prices within the first six months, so at this stage, there simply isn't enough evidence to distinguish whether the impact ... will be temporary or sustained."