NZ Herald
Black Friday deals in the Bay of Plenty: What local shops and big retailers have on offer
23/11/2023
While grabbing a bargain online was exciting, New Zealand Banking Association chief executive Roger Beaumont advised shoppers to “take a sec to check”. He said scammers used this time of year and shopping events such as Black Friday to target unsuspecting customers, especially online and through deals that seem “too good to be true”.
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NZ Herald
Black Friday sales NZ: How to dodge the scammers
23/11/2023
The New Zealand Banking Association said Black Friday ads and sales pitches should be closely scrutinised.
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NZ Herald
Bank scams: MBIE, bank survey says $198m lost to scammers
13/11/2023
“Scams go much wider than our industry, affecting government agencies, telcos, social media companies, and internet service providers. An anti-scam centre would provide a centralised and co-ordinated multi-sector approach to fighting scams from a New Zealand-wide perspective,” Beaumont said.
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Interest.co.nz
Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
26/10/2023
“Without retrospective change, there is a real risk that a minor error in disclosure, which has no borrower impact and does not reflect irresponsible or poor lending practices, will have serious consequences,” the NZBA submission said.
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Consumer NZ
Rural banking: Are the new hubs working?
24/10/2023
The seven hubs are part of a trial by the New Zealand Banking Association to find a new approach to providing banking services in rural areas. Six banks are involved – ANZ, ASB, BNZ, Kiwibank, TSB and Westpac.
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Stuff
Will new government provide easier path for mortgage borrowers?
17/10/2023
“Every time there’s a change, banks need to adjust their lending policies and processes and re-train staff. Part of developing quality regulation is making sure it’s fit for purpose the first time around.”
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NZ Adviser
How are bank home loan volumes tracking?
14/10/2023
New Zealand Banking Association chief executive Roger Beaumont told NZ Adviser that the drop in the number of new home loans was a likely reflection of the state of the housing market and wider economic conditions during the first half of 2023.
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Good Returns
Number of borrowers ahead on repayments dips slightly
13/10/2023
“For a long time, when interest rates were at an historic low, people who relied on income from bank deposits got relatively low returns. Now that interest rates are up, people are investing more in term deposits.”
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Interest.co.nz
NZ Banking Association figures show while many mortgage holders remain ahead with repayments, 1.4% are behind, while over 9000 bank customers applied for hardship status
11/10/2023
“Over 43% of home loan customers were ahead on their loan repayments, compared to 1.4% of home loan customers behind on their repayments. That shows that many people with home loans are managing relatively well. It means that those paying more than their minimum repayments likely built in a cushion in case their circumstances change.”
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Stuff
Consumer NZ calls on banks to act faster to battle scams
20/09/2023
The NZ Banking Association said last week that the industry was focusing on a number of initiatives to fight fraud and scams, including real-time information sharing between organisations affected by scams, and a confirmation of payee account name checking service.
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