Business Desk
Science reforms a step in the right direction, say submitters
09/12/2022
The NZ Bankers’ Association submitted that the crown research institute model made it extremely difficult for businesses to access and use this data.
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Business Desk
Home buyers paddle, as mortgage rates hit high water mark
27/11/2022
NZ Bankers’ Association chief executive Roger Beaumont said it was important for customers to speak to their bank as early as possible if they were “doing it tough”.
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Business Desk
Money Answers: which credit problems will kill my mortgage chances?
25/11/2022
“If you’re considering borrowing from your bank, it’s always worth having a chat with them to find out what they’ll be looking for and what you can do to help get your application over the line.
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Banks ready to support customers through tough times
23/11/2022
In response to the Reserve Bank governor’s recent comments about banks supporting households and businesses in the face of an historic rise in the official cash rate, New Zealand Bankers’ Association chief executive Roger Beaumont says: “Our banks are ready to support customers who are doing it tough because of the rising cost of living and...
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NZ Herald
Financial abuse must become a crime, anti-violence campaigners say
23/11/2022
He said these cases were often very sensitive and complicated by the bank’s customer obligations to both domestic partners who may have joint accounts, home loans or credit cards. “Joint products usually need the consent of both customers to make any changes. Issues can arise when one party refuses consent.”
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Newsroom
‘I had serious concussion, bad credit and $15,000 debt’ – abuse survivor
23/11/2022
“Banks play a part in helping to identify instances of economic harm. They train staff to recognise signs of potential economic harm while being sensitive to customers’ situations and wishes.”
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Banks supporting customers against economic abuse
23/11/2022
Banks are working to help customers experiencing economic abuse, says the New Zealand Bankers’ Association today ahead of International Economic Harm Awareness Day on November 26th. Economic abuse is a form of family violence that can affect anyone, regardless of their personal circumstances or background and, like other forms of family violence, it predominantly impacts...
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Stuff
Banking not made simple for 97-year-old man in rural Taranaki town
19/11/2022
“The hubs trial is designed for small communities that no longer support bank branches due to lack of customer demand, or never had them. Stratford still has a bank branch. Locals who prefer face to face banking may wish to consider switching to that bank. Switching is easy and quick, with the new bank taking...
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NZ Herald
Accreditation warning over move to bring in open banking
16/11/2022
“Our research shows that around two-thirds of New Zealanders think sharing your banking information with third parties to access other financial services is either a bad idea or they don’t understand it,” CEO Roger Beaumont said.
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Interest.co.nz
Reserve Bank outlines design plans for tool it could enforce on banks to limit the debt-to-income ratio of home buyers
09/11/2022
Introduction of the tool has also been opposed by banks, with bank lobby group the New Zealand Bankers’ Association maintaining “there’s a real risk of adverse customer impact” if the RBNZ introduces a DTI tool.
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