Interest.co.nz
Button set to be pushed on market study into the banking industry on Tuesday
19/06/2023
Beaumont said NZ’s banks were profitable, well-regulated and resilient, and that was important in the current economic climate.
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RNZ
House prices dip again, but market may be close to bottoming out – Corelogic
01/06/2023
Credit bureau Centrix’s latest data indicated mortgage arrears rose for the seventh consecutive month, with just under 19,000 people behind on repayments, which equated to 1.3 percent of mortgages, while the Bankers Association reported nearly 45 percent of mortgage holders were ahead on their repayments at the end of 2022.
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Stuff
Here’s how blocking New Zealanders from international gambling might work
30/05/2023
The New Zealand Banking Association submitted in 2019 that gambling providers and their customers could also circumvent that measure, for example by accepting and making deposits using other international payment services such as PayPal, WeChat and AliPay.
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NZ Herald
Tūrangi banking hub trial cancelled due to lack of a suitable building
25/05/2023
“Due to a range of issues, primarily low seismic building ratings that would put staff and customers at risk in case of an earthquake, we have not been able to secure a suitable location.”
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NZ Herald
Auckland floods: Bank takes insurance payout for home, leaving owners high and dry
18/05/2023
“Our banks are part of the communities they serve and responded quickly as the flooding and cyclone events unfolded, making $1.4 billion available in low-cost lending, and donating $6.5 million to disaster relief funds. They also provided loan repayment relief and access to term deposits.”
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NZ Herald
Whangamatā among four towns to get regional banking hub
15/05/2023
The new hub in Whangamatā will be located in a stand-alone location and have a multi-bank Smart ATM and a coin and note change service. A concierge will be available to assist customers access the services, which include an ATM, tablet for online banking, and phone. These services will be available in private areas to...
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One Roof
CCCFA changes: Uber Eats and Netflix back on the menu for mortgage applicants
09/05/2023
New Zealand Banking Association chief executive Roger Beaumont said the latest tweaks to the CCCFA regulations still meant affordability assessments were needed for all types of lending and borrowers.
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Casino Guardian
New Zealand Banking Association Does Not Support Proposed Credit Card Ban on Online Gambling
03/05/2023
The New Zealand Banking Association shared that, in its opinion, requiring local Internet Service Providers (ISPs) to block certain providers of online gambling services would have a much bigger impact on tackling gambling-related harm.
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Newsroom
Kiwi banks at odds with Aussie bosses over gambling on credit
02/05/2023
“If credit cards are blocked, other payment methods – for example, debit cards, Paypal, WeChat, AliPay, through the purchase of ‘tokens’ on eBay or TradeMe, etc – can be used to gamble online,” the association said.
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Good Returns
Mortgage interest payments rising rapidly
02/05/2023
The New Zealand Banking Association says while the Reserve Bank is raising the cost of borrowing to help fight inflation, people are starting to borrow less. That’s also a reflection of the property market.
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