Stuff
Bank profits ‘costing New Zealanders $2000 a year each’
03/03/2023
A spokesperson for the NZ Banking Association said it would be a matter for the government.
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NZ Herald
Should it take a regulatory change for banks to issue emergency finance?
27/02/2023
The New Zealand Banking Association in October submitted to the Ministry of Business, Innovation and Employment about introducing a permanent exemption to enable banks to provide customers with emergency credit in cases like natural disasters.
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Stuff
Reserve Bank governor Adrian Orr calls for a more ‘just in case’ approach to resilience
22/02/2023
“ATMs need both power and an internet connection to function, which means a generator alone might not be enough to facilitate access to cash in an event like Cyclone Gabrielle.”
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NBR
Local banks refuse to work with Binance NZ
09/02/2023
“Any decisions about new customers are based on the bank’s own policies and risk appetite, alongside their regulatory and legal obligations.”
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TMM
New commerce minister blames industry for CCCFA
03/02/2023
“The banking industry has engaged with the current CCCFA reforms every step of the way,” chief executive Roger Beaumont said.
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RNZ
Commerce Commission considering action over high paywave fees
27/01/2023
“Banks also operate in a competitive market and work hard to attract and retain customers,” chief executive Roger Beaumont said. We’d encourage merchants concerned about their fees to talk to their bank.”
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RNZ
Man scammed out of $40,000, banks repeat warnings not to share passwords
16/01/2023
Meanwhile, the Bankers Association had launched a “take a sec to check” campaign, to alert people about how to prevent getting scammed online.
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RNZ
Banks launch campaign in wake of ‘increasingly sophisticated’ financial scams
09/01/2023
“We’re encouraging everyone to take a moment before making a payment or giving away personal information, just to be sure it’s not a scam,” New Zealand Bankers’ Association chief executive Roger Beaumont said.
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Interest.co.nz
RBNZ to review Open Bank Resolution policy settings once depositor compensation scheme is launched
17/12/2022
The Reserve Bank says it will review its Open Bank Resolution bank failure tool once the planned depositor compensation scheme is rolled out amid suggestions from the New Zealand Bankers’ Association that the OBR will remain the Reserve Bank’s primary resolution and depositor protection tool for large banks.
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Stuff
Are we on the brink of a wave of mortgagee sales?
10/12/2022
New Zealand Bankers’ Association chief executive Roger Beaumont says in the current climate it is not surprising to see mortgagee sales starting to rise. But mortgagee sales are a “last resort”, he says. They are also rare, and represent a tiny fraction of the around 1.25 million home loans there are in New Zealand.
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