Stuff
New scam-busting banking system not good enough says campaigner
10/10/2024
Banking Association chief executive Roger Beaumont acknowledged that it would take different banks different lengths of time to test and deliver the system. “The technology build and integration of the new service differs across banks, so it’s unsurprising that each bank’s testing and delivery phase looks slightly different.”
Read Article
Business Desk
Banks to launch anti-scam measure, confirmation of payees, next month
10/10/2024
The New Zealand Banking Association said confirmation of payee will provide an extra layer of reassurance for customers in NZ, but cautioned people not to be complacent.
Read Article
NZ Herald
Anti-scam measure: Banks set date for rollout of payee confirmation – but advocate wants victim reimbursement, too
10/10/2024
The system will not fully protect them from scams and criminals will continue to look for ways to trick customers into making payments, Beaumont said.
Read Article
Interest.co.nz
Banks start trimming, or thinking about cutting, their mortgage serviceability rates, opening the door to higher borrowing capacity
10/10/2024
The latest Retail Banking Insights publication from the New Zealand Banking Association – the banking lobby group – found 39.7% of mortgage holders in NZ were ahead of minimum mortgage repayments.
Read Article
NZ Adviser
NZ bank customers stay resilient
09/10/2024
Despite tough economic conditions, New Zealand bank customers are handling their financial responsibilities well, according to the New Zealand Banking Association’s latest retail banking insights for January to June 2024.
Read Article
Interest.co.nz
NZ Banking Association says despite tough economic conditions, ‘the vast majority of New Zealanders’ are managing their financial situation well
08/10/2024
The NZBA figures show that there are 9.86 million unique banking customers. Of those, 9,267 customers applied for hardship status, up 1% from the period between July 2023 and December 2023. 5,968 customers were granted hardship status, up 6.9%.
Read Article
TVNZ
Work underway to support homeowners facing debt under flood buyout scheme
07/10/2024
The New Zealand Banking Association said banks have “dedicated hardship teams who can talk through available options”.
Read Article
NZ Herald
Banking Ombudsman refuses compensation for $250k scam victim, despite ASB manager helping transfer money to thieves
03/10/2024
Banking Association chief executive Roger Beaumont said banks had responded to the minister in line with his February letter and were “discussing next steps”.
Read Article
RNZ
Auckland floods: Some damaged properties now worth less than owner’s mortgage
29/09/2024
Hobbs said council had been working with the New Zealand Banking Association to see how they might be able to support people in negative equity, but it was case by case and homeowners should contact their bank to discuss options.
Read Article
NZ Adviser
Banks boost support for farmers
28/09/2024
“Our banks know that some farmers are doing it tough in the current economic environment, so it made sense to fill the funding gap for the Farm Business Advice Fund, and to renew the annual sponsorship arrangement for the Rural Support Trust,” Beaumont said.
Read Article
