Author: Philip vanDyk

Where are the mortgagee sales?

“A mortgagee sale is usually a last resort and suggests other options are no longer available. Mortgagee sales remain extremely low, despite the economic climate.”

‘Follow the money’: Easy-fix could curb romance scams

“Banks already compensate customers for fraud losses in cases of unauthorised access to their accounts. We are currently discussing with the government a new approach for compensation in cases of authorised payment scams, where customers are tricked into making payments to criminals.

BNZ, ANZ receptive to moves to ‘enhance competition’

“As an industry, we are working with the Reserve Bank on relevant recommendations such as lending on whenua Māori and basic bank accounts,” chief executive Roger Beaumont said.