Stuff
Banks and insurers say they didn’t lobby National to scrap ‘fair conduct’ laws
18/08/2023
The Banking Association and the FSC said they were ready to work with whatever government was voted into power at the October general election. The Banking Association noted that the Government had already committed to reviewing the lending law changes National intended to repeal.
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NZ Herald
Tinder ‘swindler’ scam: Parliament briefing calls for banks’ processes to be strengthened
17/08/2023
The committee also recommended the Government urge the New Zealand Banking Association to update its Code of Banking Practice to “offer further measures that help protect consumers from scams and fraudulent activity”.
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TVNZ
Call Centre Olympics: Fair Go tests bank call centre response times
16/08/2023
“Name to number matching is a complex issue, impacting customer privacy and account name practices,” said NZ Banking Association chief executive Roger Beaumont.
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Newsroom
Big banks’ smalltown challengers find hope in profits inquiry
11/08/2023
“Our banks are highly regulated, well capitalised, and profitable,” says Roger Beaumont. “That helps makes them resilient, and with recent overseas bank failures we’ve seen why that’s important.”
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Newsroom
‘It’s going to be messy’: Banks underestimate threat of climate change
11/08/2023
“Climate reporting entities’ ability to correctly assess the full future physical risk from climate change will improve as they both gain a better understanding of which global scenario/pathway that we are heading down and as they gain better modelling capability to understand the physical risks that climate change creates within each scenario,” he says.
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Interest.co.nz
Commerce Commission says which bank gets our savings and home loans could reveal whether there’s enough bank competition
10/08/2023
Industry group, the New Zealand Banking Association, said the Commerce Commission’s preliminary issues paper was comprehensive and shows an understanding of key issues in personal banking.“In particular, the focus on the significant current regulatory requirements as well as those in train will provide important context to competition and barriers in the industry.”
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Interest.co.nz
Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good credit
09/08/2023
Beaumont said the permanent emergency exemption was a pragmatic step forward to enable banks to support customers quickly in a time of emergency, which the industry had been requesting since well before Cyclone Gabrielle.
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Newshub
Auckland woman’s warning to homeowners after losing property in mortgagee sale
22/07/2023
Roger Beaumont from the New Zealand Banking Association says mortgagee sales should be a last resort. “More often than not, these situations occur when there has been a breakdown in communication,” he told Newshub.
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Banks launch three new hubs in regional banking trial
16/07/2023
Three new regional banking hubs will open from this week as part of the latest phase of the regional banking hub trial led by the country’s six biggest retail banks. The three new hubs will be in Waimate, Whangamatā and Ōpōtiki. The Waimate hub will open its doors this Friday, with the remaining hubs opening...
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Stuff
Prisoners paying a double price for their crimes, report suggests, as some struggle to get money lives on track
08/07/2023
The New Zealand Banking Association Te Rangapū Pēke said banks would be likely to support government initiatives as long as they didn’t compromise banks’ anti-money laundering obligations.
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