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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NZ Herald
Unintended consequences: Credit law change led to intrusive inquiries and higher decline rates for creditworthy borrowers
08/08/2022
That has disappointed the NZ Bankers Association, whose CEO Roger Beaumont said it would have been better to target affordability regulations to riskier lending and lenders, as well as to make changes to the penalties regime.
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Otago Daily Times
Waimate included in expanded regional banking hub trial
05/08/2022
The new hubs will have a Smart ATM and full cash change services, a full-time dedicated concierge, an employee from each bank available on site for a few hours on separate weekdays, a private meeting room, and private areas for phone and internet banking.
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Stuff
More banking hubs to help customers where banks have closed
05/08/2022
“With major changes in customer behaviour accelerated by the Covid-19 pandemic and regular changes in alert levels. We intend to run the next phase until the end of 2023, to give these dynamic changes time to pan out,” Beaumont said.
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NZ Herald
Six banks to expand regional trial until end of 2023
05/08/2022
A regional banking hub trial involving six major banks is to extend until the end of next year and add another four hubs.
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Good Returns
Second set of changes to CCCFA “wrong option” Bankers Assn
03/08/2022
“The best option presented to him would have been to target affordability regulations to riskier lending and lenders, as well as make changes to the penalties regime. Targeting affordability requirements to support those most at risk would provide them with appropriate protections as well as freeing up lending for those who can afford it.”
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Business Desk
Govt makes more changes to lending regime
02/08/2022
“Targeting affordability requirements to support those most at risk would provide them with appropriate protections as well as freeing up lending for those who can afford it.”
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Stuff
Government makes further changes to responsible lending rules
02/08/2022
“The best option presented to him would have been to target affordability regulations to riskier lending and lenders, as well as make changes to the penalties regime.”
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