RNZ
Banking Association on consumer credit changes
17/07/2025
The New Zealand Banking Association has welcomed the amendment Bill, saying it tidies up the existing legislation to ensure that all breaches are treated the same as those currently.
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NZ Adviser
ANZ, ASB reject $600m class action as law change looms
17/07/2025
Roger Beaumont, chief executive of the New Zealand Banking Association, told the committee that minor disclosure errors – “like getting their phone number wrong” – could result in the full repayment of interest and fees under the current law.
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Business Desk
ASB, ANZ offered settlement in class action stoush
16/07/2025
The NZ Banking Association told the committee it had been lobbying for 10 years to overturn what it argues are “disproportionate” penalties that two previous governments have declined to legislate away.
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Stuff
Settlement offer made in ANZ/ASB class action, lawyer tells MPs
16/07/2025
Roger Beaumont, chief executive of the Banking Association, told the select committee that between 2015 and 2019 any lender making any mistake in the information they provided to borrowers “like getting their phone number wrong” could be subject to a draconian provision in the law that “on one interpretation” could require the lender to repay...
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Stuff
No harm to consumers in fixing lending law loophole
16/07/2025
Importantly, the proposed amendment to the law does not stop consumers or regulators taking action against lenders for information disclosure breaches. Nor does it stop any cases currently before the courts. It merely confirms that the courts should apply a ‘just and equitable’ approach. It would be up to the courts, as it should be.
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Stuff
Is Government considering a tax on excess bank profits, in disguise?
12/07/2025
Here, banks are already chipping in to the cost of preventing or managing a future crisis, he suggests. The Reserve Bank is raising banks’ capital requirements to “among the highest in the world” and the country has just brought in a depositor compensation scheme, paid for by the banks, to help protect people’s bank deposits, he notes.
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NZ Adviser
New Zealand launches New Zealand Anti-Scam Alliance
11/07/2025
“We’ve been calling for a co-ordinated multi-sector approach to scam prevention and consumer protection since 2023,” said NZBA chief executive Roger Beaumont.
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Newstalk ZB
‘Coordinated approach’ of new anti-scam task force praised
11/07/2025
Banking Association chief executive Roger Beaumont says it will make a difference if all participants play their part. He says particularly social media companies and digital platforms need to do what they can to interrupt scams.
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Banks welcome Anti-Scam Alliance
10/07/2025
The New Zealand Banking Association today welcomed the government’s establishment of the Anti-Scam Alliance. New Zealand Banking Association chief executive Roger Beaumont says: “We’ve been calling for a co-ordinated multi-sector approach to scam prevention and consumer protection since 2023. Today’s announcement is a good step in that direction. “For a long time we have encouraged...
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RNZ
New government ‘alliance’ formed to combat online scammers
10/07/2025
“Banks cannot fight scams alone,” he said. “Scams typically start when people are deceived by fake websites and search engine results, fake emails, texts, social media ads and chats, and phone calls, so there’s a role for telcos, social media companies and global tech platforms to help stop them in the first place.”
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