Interest.co.nz
Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good credit
09/08/2023
Beaumont said the permanent emergency exemption was a pragmatic step forward to enable banks to support customers quickly in a time of emergency, which the industry had been requesting since well before Cyclone Gabrielle.
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Newshub
Auckland woman’s warning to homeowners after losing property in mortgagee sale
22/07/2023
Roger Beaumont from the New Zealand Banking Association says mortgagee sales should be a last resort. “More often than not, these situations occur when there has been a breakdown in communication,” he told Newshub.
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Stuff
Prisoners paying a double price for their crimes, report suggests, as some struggle to get money lives on track
08/07/2023
The New Zealand Banking Association Te Rangapū Pēke said banks would be likely to support government initiatives as long as they didn’t compromise banks’ anti-money laundering obligations.
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Consumer NZ
Scams: Should your bank be liable for losses?
07/07/2023
NZBA chief executive Roger Beaumont believes that broadening the Code of Banking Practice to cover APP scams would mean “banks take on all or most of the risk of customer decisions, meaning customers have little incentive or responsibility to protect their money. This could lead to much greater fraud losses.”
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Consumer NZ
Scams: Should your bank be liable for losses?
06/07/2023
NZBA chief executive Roger Beaumont believes that broadening the Code of Banking Practice to cover APP scams would mean “banks take on all or most of the risk of customer decisions, meaning customers have little incentive or responsibility to protect their money. This could lead to much greater fraud losses.”
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Stuff
Digital disruptor Revolut takes a swipe a high profits of ‘legacy’ banks
02/07/2023
But it is not a member of the Banking Association Te Rangapū Pekē, whose member banks promise to reimburse fraud losses for customers who were not dishonest or negligent, complied with their banks’ terms and conditions for electronic banking or card use, and took reasonable steps to protect their banking.
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Newsroom
Commerce Commission should probe ‘stubbornly’ high remittance costs
02/07/2023
“The Commerce Commission will determine the scope of the market study. Banks are open and transparent and will participate fully in the areas the Commission wishes to look at.”
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NZ Herald
Consumer NZ boss Jon Duffy wants New Zealand banks forced to refund Kiwi scam victims
02/07/2023
“To address this properly we need all parties involved including, for example, global tech companies, telcos, internet service providers, government agencies, dispute resolution services, and consumer representatives and advocates.” Matching accounts and names with the customer’s intended recipient had privacy implications that would need to be overcome, Beaumont said.
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Stuff
Report accuses banks of making life unreasonably hard for smaller charities and not-for-profits
01/07/2023
Banking Association Te Rangapū Pēke chief executive Roger Beaumont sought to cast the issues raised as being caused by anti-money laundering laws.
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NZ Herald
Building industry downturn likened to GFC as new residential house numbers plummet
30/06/2023
“Each bank also has its own risk management and lending policies and will assess each loan application within that framework. One bank’s risk appetite may be different from another so it’s worth shopping around.”
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