NZ Herald
Bank payouts to wronged customers top $109 million in four years
05/10/2022
“In that time, as the FMA says, banks have worked hard to improve their internal conduct processes and proactively identify any issues and remediate them. Banks are also highly engaged in the new conduct regulation for financial institutions being developed by the government.”
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NZ Herald
Retailers to save $74m with contactless fee changes
02/10/2022
“Banks operate in a highly regulated environment and take their compliance obligations very seriously, including this cap. We can’t comment on competitive issues, including pricing and the products and services offered by our member banks.”
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TVNZ
Regional banking hub trial ‘less than effective’ – Reserve Bank
28/09/2022
“The hubs are about providing a solution for customers, particularly in small towns who just for whatever reason aren’t that comfortable yet with the digital or online environment,”
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NZ Adviser
More areas to fix in CCCFA changes – bank execs
09/09/2022
“Banks have no flexibility to extend credit to customers without a full affordability assessment, which customers are more likely to fail when facing financial difficulty.”
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NZ Herald
The living-wage debate: Are law firms playing by the book?
08/09/2022
New Zealand Bankers’ Association (NZBA) Roger Beaumont said by becoming the first Accredited Living Wage industry, banking moved more than 1800 people onto the living wage.
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NZ Herald
The living-wage debate: Are law firms playing by the book?
08/09/2022
New Zealand Bankers’ Association (NZBA) Roger Beaumont said by becoming the first Accredited Living Wage industry, banking moved more than 1800 people onto the living wage.
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Newsroom
Govt declines to free up emergency lending in CCCFA changes
07/09/2022
New Zealand Bankers’ Association chief executive Roger Beaumont says banks can no longer help customers who might need a low-interest loan for an emergency, and the Government did not address this issue in its recent announcement on further changes to the Act.
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Stuff
Property investors told to repay debts
05/09/2022
New Zealand Bankers’ Association chief executive Roger Beaumont said lending policies and risk appetite would vary from bank to bank and could change over time. “In applying those policies, banks will look at a borrower’s particular circumstances, including their debt levels, security, and ability to repay any loans.”
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Business Desk
Insurers and banks looking for more climate data as disclosure deadline looms
31/08/2022
However, it wasn’t just banks that needed to know about property at possible risk from more frequent extreme weather events and rising sea levels. “This information needs to be freely available in a form that’s easily understood to property owners, potential buyers, developers, insurers, local authorities as well as lenders.”
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Newsroom
Pressure on Govt to move faster to break up Visa-Mastercard duopoly
18/08/2022
“Banks operate in a highly regulated environment and take their compliance obligations very seriously. In this case, we respect the fact that the cap has been set by the government.”
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