Otago Daily Times
RBNZ to publicise regulatory breaches
03/09/2019
NZBA said that it supported openness and transparency and was pleased the central bank had accepted that only actual material breaches be published.
Read Article
Farmers Weekly
Banks support farm mediation
26/08/2019
In its submission on the Farm Debt Mediation Bill presented to the Primary Production Select Committee the Bankers Association said it supports the Bill, which has the potential to shorten the amount of time taken to get a resolution and avoid the need for creditor enforcement.
Read Article
Newshub
The ‘way over the top regulations’ National wants to dump
25/08/2019
New Zealand Bankers’ Association chief executive Roger Beaumont suggested the policy was needless as New Zealand currently has “one of the fastest bank switching processes in the world”.
Read Article
Interest.co.nz
Farmers want Farm Debt Mediation Bill tweaked
23/08/2019
The Bankers’ Association highlighted in its submission: “continual discussions and negotiations between lenders and with their farming customers is the norm in a banking relationship and in the event there is a dispute that warrants having a formal process with an independent “circuit breaker” involved, members would actively encourage mediation (regardless of the statutory scheme)”.
Read Article
Newshub
Climate change warning: Shorter mortgage loans, higher insurance for beachfront property
17/08/2019
New Zealand Bankers’ Association chief executive Roger Beaumont confirmed that banks might shorten mortgage for properties that are at risk. He also raised the issue of insurance, saying without insurance banks won’t approve a home loan.
Read Article
NZ Herald
Surge in mortgage inquiries after official cash rate cut to record low
11/08/2019
“It’s a good idea to calculate the potential interest rate savings for the balance of the fixed period against the break cost. Then you can make a carefully considered decision and not just chase a cheaper rate. Your bank should be able to help with this comparison.”
Read Article
NZ Herald
RBNZ Governor Adrian Orr accuses banks of ‘scaring the public’ with aggressive lobbying
08/08/2019
Bankers’ Association chief executive Roger Beaumont said it was up to each bank as to how it responded if the rules come into effect. “Our independent economic analysis suggests there will likely be tightening of lending in some parts of the economy such as small business and agriculture.”
Read Article
Stuff
Customer rejects $2000 compensation from ANZ over hardship application
30/07/2019
New Zealand Bankers’ Association chief executive Roger Beaumont said banks had different organisational structures to deal with hardship and loan repayment issues.
Read Article
NZ Herald
A bill that takes aim at loan sharks could disproportionately impact NZ’s most vulnerable
24/07/2019
“Conservative lending practices, which drive consumers to higher-cost and potentially irresponsible lending, run counter to the important policy objectives of promoting financial inclusion and access to safer credit.”
Read Article
NZ Herald
Diana Clement: What happens to your dough after you go?
30/06/2019
Organisations that carry out business in New Zealand are required to report inactive accounts under the Unclaimed Money Act 1971.
Read Article
