Telephone survey scam warning
19/01/2017
The New Zealand Bankers’ Association today warned people to beware a telephone survey scam. Cautious members of the public have reported receiving unsolicited calls from an organisation called the “Bankers’ Association of New Zealand” claiming to be doing a customer satisfaction survey and seeking personal information. “We strongly encourage people not to engage with these...
Read Article
Interest.co.nz
Builders call for banks to rethink rules that prevent first home buyers from getting mortgages to build prefab houses
18/01/2017
The issue is banks require home loans to be secured against an asset. From a responsible lending and risk perspective, banks will not lend without security, or lend an amount greater than the value of the security.
Read Article
Stuff
Customers drive banking innovation
16/01/2017
Where bankers may once have shunned technology, the opposite is true today. This century we’ve seen a massive leap in access to personal digital technology. That’s clearly reflected in how we’re now banking. These technological advances mean we’re managing our money in ways that many did not foresee. What’s behind these changes, and what does...
Read Article
New Zealand Bankers’ Association welcomes Industrial and Commercial Bank of China
11/01/2017
The New Zealand Bankers’ Association announced today that the Industrial and Commercial Bank of China (New Zealand) Ltd has joined the association, bringing the total number of member banks to 16. New Zealand Bankers’ Association chief executive Karen Scott-Howman says: “We are delighted to welcome ICBC to the Bankers’ Association. China is one of New...
Read Article
Interest.co.nz
Bank lobby group says ‘no thanks’ to RBNZ’s dashboard disclosure proposal
19/12/2016
New Zealand banks have come out strongly against their regulator’s plans to enforce its proposed dashboard quarterly disclosure regime on them.
Read Article
NZ Herald
Telling the banks’ side of the story
17/12/2016
Karen Scott-Howman has a black belt in karate, was once a documentary producer and helped launch New Zealand’s first national spelling bee. It’s not quite the background you would expect from a Wellington lawyer whose job is to be the voice of the banking industry.
Read Article
Warning: credit card chargebacks and risky online investments
14/12/2016
The New Zealand Bankers’ Association today supported the Banking Ombudsman’s warning that you shouldn’t expect to be reimbursed for authorised credit card payments to risky binary options trading websites. “Once you’ve authorised an online payment with your credit card to a binary options trading website, you can’t expect to get a chargeback if the trade...
Read Article
Interest.co.nz
Banks don’t know how vulnerable they are to underinsurance
13/12/2016
Scott-Howman says banks are continuing to provide home loans in quake-affected areas. “There may be issues around insurance. In line with previous practice, banks will continue to require insurance for the properties they lend on,” she says.
Read Article
Beware financial crime this festive season
09/12/2016
As New Zealanders prepare to go on their summer holidays the New Zealand Bankers’ Association cautions people to watch out for financial crime. “At this busy time it can be easy to let our guard down. While we’re getting ready for the holidays, the fraudsters are hard at work. “They love this time of year...
Read Article
‘Money mule’ scam warning
29/11/2016
The New Zealand Bankers’ Association today warned people against transferring money for people they do not know to avoid becoming a ‘money mule’. The warning comes after a scam that affected an older Blenheim resident. In this case the overseas fraudsters had persuaded the bank customer they had won a lottery as part of a...
Read Article
