NZ Adviser
Inside the $300m class action facing ASB and ANZ
26/07/2025
Roger Beaumont, CEO of the New Zealand Banking Association, defended the proposed amendment: “Between 2015 and 2019, any lender who even made a small mistake… could be subject to a draconian provision in the law.”
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RNZ
What you need to know about a 150,000-customer banking class action
25/07/2025
“That consequence would be totally out of proportion with the technical legal breach, especially if there was no harm to the consumer who was happily enjoying their new home or car thanks to a bank loan.”
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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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