Spring clean your personal finances
30/08/2012
Money Week is a great time to spring clean your personal financial arrangements says the New Zealand Bankers’ Association. Money Week brings together a range of financial education activities from 2 to 8 September. “Most people think about their personal finances when faced with big life events such as studying, starting work, buying a house...
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Report finds NZ banks continue to perform well
30/08/2012
The New Zealand Bankers’ Association said today that PwC’s Banking Perspectives analysis of the major banks’ results for the first half of their 2012 financial years showed New Zealand banks were continuing to perform well in the face of ongoing global uncertainty. “Our banking industry is in good shape. It’s well capitalised and regulated. Our...
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Email scam alert
19/08/2012
The New Zealand Bankers’ Association is urging the public to be on guard against an email scam. Scammers are sending emails out which appear to come from a New Zealand Bankers’ Association email address: nzba@nzba.org.nz. The scam emails include a subject line of “We are necessitating a verification process on all account(s)”. Anyone receiving this...
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New bill could reduce compliance costs
09/08/2012
A reduction in compliance costs could be on the way for small and medium sized companies if the new financial reporting bill passes later this year. New Zealand Bankers’ Association CEO Kirk Hope says the savings could be significant.
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Bankers’ Association welcomes reduced business costs
06/08/2012
The New Zealand Bankers’ Association welcomes the recent introduction of the Financial Reporting Bill by Commerce Minister Craig Foss. The Bill seeks to remove or reduce unnecessary and excessive reporting requirements. This will significantly cut costs for small and medium-sized companies. It will also further reduce barriers to doing business in New Zealand by better...
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Interest.co.nz
What’s in the banking code and why should you care. Amanda Morrall talks to Kirk Hope from the NZ Bankers’ Association
29/06/2012
It may never rival the popularity of the Da Vinci Code, but there is good reason why everyday banking customers will want to read the Code of Banking Practice
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Interest.co.nz
Commerce Commission prosecutes ‘reprehensible’ loan shark who charged interest rates as high as 1,738% to vulnerable consumers
29/06/2012
The New Zealand Bankers’ Association issued a statement applauding Hunt’s prosecution. NZBA chief executive Kirk Hope said at last year’s Financial Summit the banking industry had agreed with regulators and consumer groups that robust enforcement of existing consumer protection law was crucial to cracking down on rogue lenders who prey on vulnerable people.
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Interest.co.nz
Amanda Morrall looks at the principles of responsible lending and finds out how to shark proof your borrowing plan with high interest lenders
29/06/2012
n defence of lenders, Hope said it needs to be recognised by those critical of finance companies that the circumstances of borrowers (particularly those using credit facilities) can change from the time of the loan.
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Get new Code of Banking Practice – Bankers’ Association
28/06/2012
The New Zealand Bankers’ Association has encouraged bank customers to have a look at the latest Code of Banking Practice, which comes into force on 1 July. Now in its fifth edition, the Code provides a useful guide for customers and their relationship with their banks. “The Code includes a whole lot of useful information...
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Bankers’ Association applauds loan shark prosecution
27/06/2012
The New Zealand Bankers’ Association today applauded the prosecution of third tier lender Barry Hunt for breaches of the Credit Contracts and Consumer Finance Act. “This is a great result. We congratulate the Commerce Commission on a successful prosecution in this case,” said New Zealand Bankers’ Association chief executive Kirk Hope. “At last year’s Financial...
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