- 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.
- “Cash contributions are one way that banks compete for customers. In this environment banks will continue to work very hard to retain and attract customers. That’s good news for households and consumers,” said Kirk Hope.
- The association is welcoming a bill which would crack down on international and home-grown organised crime and says the bill will help maintain our reputation overseas.
