- “We think the later the date the better. This will give the banking industry more time to adapt and draw on experience gained through FATCA,” says Hope.
- New Zealand Bankers Association chief executive Kirk Hope said banks would consider a borrower’s servicing ability before agreeing to lend on a second home or offering bridging finance.
- The New Zealand Bankers’ Association (NZBA) says the Government’s Responsible Lending Code should not require lenders to make oral disclosures to their borrowing customers, nor “dictate” how they communicate with borrowers.
- New Zealand Bankers’ Association chief executive Kirk Hope said the allegations were “surprising”. “The customer’s ability to service the loan is a key factor in any lending decision. It’s important that people are up front to the bank about their circumstances and their ability to repay the loan.” He said defaults on bank loans were “low”... Read more »
- First-home buyers are finding it easier to get a home loan as a slowing housing market prompts retail banks to drum up new business. The Bankers’ Association said that was due in part to banks having better control over their loan books.
