Month: December 2016

Telling the banks’ side of the story

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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.

Warning: credit card chargebacks and risky online investments

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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 more »

Banks don’t know how vulnerable they are to underinsurance

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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.

Beware financial crime this festive season

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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 more »