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Media

Here you’ll find our media releases along with our media appearances.

Banks on track to start confirmation of payee roll out
New Zealand’s retail banks are on track to start rolling out a confirmation of payee service by the end of the year, says the New Zealand Banking Association. “We’ve just completed a competitive selection process and now have a preferred provider for the service. We won’t be able to announce the name of that provider...
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New home loans rise despite economic conditions
The number of new home loans increased by nearly 30% in the six months to December 2023 according to retail banking insights released today by the New Zealand Banking Association. There were 52,504 new home loans from June to December, which is an increase of 29.8% compared to 40,438 new loans in the previous six...
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Commerce and Consumer Affairs Minister Andrew Bayly details easier access to loans and changes to financial dispute resolution services
“We welcome the removal of overly prescriptive affordability assessment requirements because it should help fix the one-size-fits-all approach that treated all types of lending and borrowers the same. The change still means that consumers are protected, and lenders need to be responsible,” NZBA Chief Executive Roger Beaumont says.
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CCCFA reaction: a return to common sense
Beaumont is pleased to see moves to simplify other matters in the CCCFA, especially personal liability for directors and senior managers, the requirements for disclosure of information to borrowers and the updating of the Responsible Lending Code guidance, to get the balance right and help ensure consumers don’t see a prescriptive approach reintroduced.
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