Banks launch home loan comparison calculator
01/09/2025
The banking industry today launched an online calculator that allows consumers to compare up to three home loan offers. This initiative responds to a recommendation in the Commerce Commission’s market study into personal banking services. The home loan calculator is hosted by Interest.co.nz and is available here: https://www.interest.co.nz/calculators/home-loan-comparison-calculator The calculator will allow prospective borrowers to...
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Reuters
New Zealand central bank proposes lowering lenders’ capital requirements
25/08/2025
Banking Association Chief Executive Roger Beaumont said the announcement was a step in the right direction, and it was currently working with its 17 members to develop a response to the proposals.
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Stuff
Parliament’s banking inquiry delivers ‘useful but timid’ report
22/08/2025
“The committee has carried out a thorough investigation of consumer and rural banking in New Zealand today. The focus on regulatory barriers to increased competition, and what regulators can do to improve that, is especially good to see,” New Zealand Banking Association chief executive Roger Beaumont.
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Stuff
Case shows banks may need controversial law change for more recent lending errors
15/08/2025
Banking Association chief executive Roger Beaumont told a select committee earlier this month that any lender making any mistake, such as “getting a phone number wrong”, could be subject to draconian penalties that went far beyond compensating borrowers for their actual losses.
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NZ Herald
Couple take former Pāpāmoa Beach home owner to court as she refuses to leave after mortgagee sale
03/08/2025
New Zealand Banking Association chief executive Roger Beaumont said banks are responsible lenders. They typically have dedicated teams to deal with those experiencing financial difficulty and mortgagee sales were “rare and always a last resort”.
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NZ Adviser
Inside the $300m class action facing ASB and ANZ
26/07/2025
Roger Beaumont, CEO of the New Zealand Banking Association, defended the proposed amendment: “Between 2015 and 2019, any lender who even made a small mistake… could be subject to a draconian provision in the law.”
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RNZ
What you need to know about a 150,000-customer banking class action
25/07/2025
“That consequence would be totally out of proportion with the technical legal breach, especially if there was no harm to the consumer who was happily enjoying their new home or car thanks to a bank loan.”
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RNZ
Banking Association on consumer credit changes
17/07/2025
The New Zealand Banking Association has welcomed the amendment Bill, saying it tidies up the existing legislation to ensure that all breaches are treated the same as those currently.
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NZ Adviser
ANZ, ASB reject $600m class action as law change looms
17/07/2025
Roger Beaumont, chief executive of the New Zealand Banking Association, told the committee that minor disclosure errors – “like getting their phone number wrong” – could result in the full repayment of interest and fees under the current law.
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Business Desk
ASB, ANZ offered settlement in class action stoush
16/07/2025
The NZ Banking Association told the committee it had been lobbying for 10 years to overturn what it argues are “disproportionate” penalties that two previous governments have declined to legislate away.
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