Newstalk ZB
NZBA to roll out ‘confirmation of payee’ service for online banking
29/04/2024
“This is something that takes time, it has been progressed since we announced that in September – and we’re moving at that pace.”
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NZ Adviser
CCCFA reforms: Mortgage and banking associations supportive
28/04/2024
The New Zealand Banking Association (NZBA) also welcomed the changes, with chief executive Roger Beaumont highlight that the changes would allow banks to exercise flexibility and discretion to better meet customers’ needs, especially in emergency situations.
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Newstalk ZB
Activity in the housing market is holding its own against the rising cost of borrowing
25/04/2024
New Zealand Banking Association’s revealed almost 30 percent more home loans were taken out from June to December 2023, than the previous six months.
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Interest.co.nz
Commerce and Consumer Affairs Minister Andrew Bayly details easier access to loans and changes to financial dispute resolution services
21/04/2024
“We welcome the removal of overly prescriptive affordability assessment requirements because it should help fix the one-size-fits-all approach that treated all types of lending and borrowers the same. The change still means that consumers are protected, and lenders need to be responsible,” NZBA Chief Executive Roger Beaumont says.
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RNZ
Financial mentoring services sound warning over wind-back of lending regulations
21/04/2024
“What it means is it’ll go back to the way it was prior to these regulations, when banks could exercise discretion in determining whether a customer was suitable for a loan or not,” said chief executive Roger Beaumont.
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Good Returns
CCCFA reaction: a return to common sense
21/04/2024
Beaumont is pleased to see moves to simplify other matters in the CCCFA, especially personal liability for directors and senior managers, the requirements for disclosure of information to borrowers and the updating of the Responsible Lending Code guidance, to get the balance right and help ensure consumers don’t see a prescriptive approach reintroduced.
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Newstalk ZB
NZ Banking Association chief executive on the Government’s financial service reforms
21/04/2024
NZ Banking Association chief executive Roger Beaumont joined Mike Hosking.
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NBR
Govt unburdens more prescriptive elements of CCCFA
20/04/2024
“This will help bring back flexibility and discretion for banks to help customers in need, for example in emergency situations, and better recognises that banks already have their own prudent lending policies, which help ensure borrowers can afford to repay any debt.”
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Stuff
Ministers promise it will soon be easier to get a loan
20/04/2024
“This will help bring back flexibility and discretion for banks to help customers in need,” said Banking Association chief executive Roger Beaumont.
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NZ Adviser
Banks call for government aid in anti-scam efforts
15/04/2024
“We’re also asking the government to help remove any regulatory barriers to the Anti-Scam Centre working effectively, and to set scam prevention expectations for other industries,” Beaumont said.
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