Stuff.co.nz
Bankers Association may retain some form of fraud guarantee
11/01/2018
“From the outset of the review we’ve said that nothing in the new code of banking practice is intended to reduce customers’ existing rights,” a spokesman said.
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Stuff.co.nz
Banks plan to keep feedback on new banking code under wraps, until it’s a done deal
07/01/2018
Spokesman Philip van Dyk clarified on Friday that it had decided it only made sense to release them “once we’ve finalised the code and responded to submitters. That way it’s clear how we’ve responded to submissions in the revised code,” he said.
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Stuff.co.nz
Banks change rules – but only for their Australian customers
20/12/2017
“Adopting principles, rather than prescriptive rules, means banks will have to think carefully about how they’re meeting those customer commitments. That’s quite different from what’s required in Australia.”
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Stuff.co.nz
Night Noodle Markets go cashless – but shoppers slow to catch on to new tech
11/12/2017
“It’s still early days, and we’d expect to see this technology continue to evolve in line with greater demand from merchants and consumers.”
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Interest.co.nz
Farmer survey reports that only a small minority farmers feel that they have come under undue pressure from bankers over the past six months as rural sector heads into a drier-than-normal period
06/12/2017
“It shows that banks are continuing to work closely with their agri clients. That’s not surprising given the high level of bank support for the agri sector.”
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Stuff.co.nz
Getting a loan may still be tough, even without Reserve Bank rules
27/11/2017
New Zealand Bankers’ Association chief executive Karen Scott-Howman said banks were responsible lenders and that would not change, no matter what the central bank’s rules were.
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NZ Herald
Banks given grace period for new money laundering laws
31/10/2017
“We have no issues with the particular thresholds set by the Government. The main concern for the banking industry is being able to meet its obligations within statutory deadlines, in consultation with other parties.”
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Stuff.co.nz
NZ prepares to join the ‘open banking’ revolution
28/10/2017
“We are very open to have conversations, but so far there’s no regulator which has consulted publicly on it.” Scott-Howman stresses the importance of security of people’s financial data.
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Stuff.co.nz
Buyers caught out by home loans falling through
16/10/2017
“Banks are particularly interested in the borrower’s ability to repay the loan, and the security provided for the loan. People seeking home loans need to be up front with the bank about their personal circumstances, such as existing financial obligations and outgoings.”
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Interest.co.nz
FMA’s BKBM guidance hailed as ‘pragmatic, practical and sensible’ guidance that ‘stands out globally’
11/10/2017
“We’re particularly pleased that the FMA has confirmed there are no systemic conduct issues around the use of the benchmark. That provides an assurance that banks can use the rate with confidence,” Scott-Howman says.
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