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...
Read Article
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.
Read Article
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.
Read Article
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.
Read Article
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.
Read Article
Newshub
Cost of living: Amount Kiwis are borrowing to buy a house drops amid tumbling prices
01/05/2023
Data from the New Zealand Banking Association, released on Monday, shows new home loan values have dropped 18.9 percent in the six months to last December.
Read Article
Business Desk
Banking Association: Value of new home loans down by 19%
01/05/2023
“It shows that many people took advantage of interest rates when they were at historic lows. They likely retained their repayments at the same level as before, or increased them, to help repay their loans faster and save on the overall loan cost. It also means that nearly half the people with home loans had...
Read Article
Interest.co.nz
New Reserve Bank mortgage figures show homeowners paid close to $4 billion in interest during the March quarter
01/05/2023
The NZBA figures showed that there are nearly 1.26 million home loans across 1.09 million customers. The average value of all home loans is $316,019. Of the 45,628 new home loans opened in the last six months of 2022, 26.1% were issued to first home buyers.
Read Article
Stuff
Banks told to make it easier for teens to get bank accounts
17/04/2023
New Zealand Banking Association Te Rangapū Pēke chief executive Roger Beaumont said banks were working to address financial inclusion issues, “which often needs to be balanced with the need to comply with legal and regulatory obligations, including things like anti-money laundering law”.
Read Article
NZ Herald
Kiwi open banking start-up tackling scams, embarrassing mistakes and invoice fraud
17/04/2023
But the New Zealand Banking Association has said banks need time to build quality products for consumers, and were already inundated with regulation demands.
Read Article
