Stuff
How a woman’s quest for love cost her more than $500,000
07/04/2025
“We’re also asking the Government to help remove any regulatory barriers to the Anti-Scam Centre working effectively, and to set scam prevention expectations for other industries.”
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Reuters
New Zealand probes banks’ climate commitments for anti-cartel behaviour
21/03/2025
Roger Beaumont, chief executive of New Zealand’s Banking Association, noted the issue of the lenders’ net-zero targets was also being investigated by the parliamentary inquiry into banking competition.
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TVNZ
How much cash can you withdraw from your bank?
13/03/2025
Under the law all banks in New Zealand are required to do more to verify a customer’s identity and, in some cases, account activity.
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NZ Herald
NZ First introduces bill to fine ‘woke banks’ $500,000
10/02/2025
If a bank can lend within its credit risk policy and regulatory obligations, it likely will. That is the business of banking.
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RNZ
Where are the mortgagee sales?
04/02/2025
“A mortgagee sale is usually a last resort and suggests other options are no longer available. Mortgagee sales remain extremely low, despite the economic climate.”
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Stuff
‘Follow the money’: Easy-fix could curb romance scams
31/12/2024
“Banks already compensate customers for fraud losses in cases of unauthorised access to their accounts. We are currently discussing with the government a new approach for compensation in cases of authorised payment scams, where customers are tricked into making payments to criminals.
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RNZ
No new lending for petrol stations will impact rural communities the most
11/12/2024
“The government has a range of climate-related policies and regulation aimed at addressing this issue, including climate-related risk disclosures and an emissions reduction plan. The banks take these regulatory obligations very seriously.
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RNZ
BNZ, ANZ receptive to moves to ‘enhance competition’
09/12/2024
“As an industry, we are working with the Reserve Bank on relevant recommendations such as lending on whenua Māori and basic bank accounts,” chief executive Roger Beaumont said.
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NZ Herald
Banks roll out new scam protection tool: How confirmation of payee will work
27/11/2024
“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,” said association chief executive Roger Beaumont.
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Business Desk
KB Kookmin Bank, one of South Korea’s largest banks, pulls out of New Zealand market
13/11/2024
According to Beaumont, two overseas banks have announced in the past 18 months that they are exiting the retail market, which is a setback for competition.
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