Cover up when entering your PIN so you don’t reveal it to ‘shoulder surfers’ or hidden cameras. That’s how fraudsters who have your card details can access your bank accounts.
Month: April 2019
Fewer than half of Kiwi customers say banks can be trusted
A Government review of the industry last year found no widespread issues. “On top of that, bankers have also removed or in the process of removing all sales incentives for their staff, and that will be in place later this year for all the major banks that took part in that review.”
Banks pressure people into products they don’t want: Consumer NZ
Chief executive Roger Beaumont said banks would often suggest different products to customers to meet changing needs.
New Zealand banks make more money than global peers
NZBA chief executive Roger Beaumont said there was a competitive environment in New Zealand. “We have a choice of 14 retail brands to bank with.”
RBNZ shouldn’t protect consumers, former governors say
Giving the RBNZ additional policy objectives which are similar to those of other agencies may complicate the regulatory landscape and result in overlap with the objectives of other regulators.
Help, how can I tell if I’m being ripped off?
If you suspect an invoice scam you should phone or visit the merchant or service provider to confirm the payment details are right and that you are paying the person you think they are.
Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Bill
Finance and Expenditure Committee
Guidelines to help banks meet the needs of older and disabled customers launched
Minister for Disability Issues Hon Carmel Sepuloni today launched the New Zealand Bankers’ Association’s revised guidelines to help banks meet the needs of older and disabled customers. “We’ve come a long way since these guidelines were first launched back in 2009. Back then they were voluntary for our banks. All of our retail members have… Read more »
Banks submit conduct and culture review responses to regulators
The individual work plans for each bank have all been signed off at the highest level. That means there is buy-in from the very top of these financial institutions to make sure they’re meeting regulator and public expectations.
FMA and RBNZ say ‘thorough’ review of responses from 11 banks to conduct and culture review will take several weeks
All banks with sales incentives have committed to remove or address them for frontline salespeople and their managers, with some having already removed sales incentives.
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