Hobbs said council had been working with the New Zealand Banking Association to see how they might be able to support people in negative equity, but it was case by case and homeowners should contact their bank to discuss options.
Month: September 2024
Banks boost support for farmers
“Our banks know that some farmers are doing it tough in the current economic environment, so it made sense to fill the funding gap for the Farm Business Advice Fund, and to renew the annual sponsorship arrangement for the Rural Support Trust,” Beaumont said.
Banks increase funding to support farmers in need
Banks are stepping up to fully fund the Farm Business Advice Fund for farmers who are under considerable business pressure, as well as continuing their sponsorship of the National Rural Support Trust. The Farm Business Advice Fund was established in 2020 to provide up to $6,000 for farmers in need to obtain financial or business… Read more »
Banking Ombudsman says scams surging, cost-of-living crisis a worry for many customers
Earlier this year, NZ Banking Association chief executive Roger Beaumont urged telcos and social media platforms to take down fake websites.
Nearly 80 fraud and scam cases reported to banking watchdog every month, report shows
Banks alone could not protect New Zealanders from scams and had asked the government for help, involving from police and other agencies, New Zealand Banking Association chief executive Roger Beaumont said.
Customer and Product Data Bill
Economic Development, Science and Innovation Commiteee
Banks are pleased with changes to “draconian” lending legislation
He said that one of the key changes is that the “draconian” personal liability legislation for managers and banks will be removed.
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