- The New Zealand Bankers’ Association has welcomed the government’s release today of a draft bill targeted at loan sharks and fringe lenders. The draft bill, which will amend the Credit Contracts and Consumer Finance Act 2003, proposes introducing a duty for all lenders to practice responsible lending. The Ministry of Consumer Affairs has acknowledged banks... Read more »
- The New Zealand Bankers’ Association has welcomed changes to credit reporting in New Zealand that take effect from 1 April 2012. The most fundamental change is that information held by credit reporting agencies will include up to 24 months of an individual’s repayment history. This includes both payments and defaults. Until now only defaults, or... Read more »
- There are some simple things we can all do to fight bank card fraud says the New Zealand Bankers’ Association. “Most of us use cards on a daily basis because they provide a convenient and safe way to pay others and perform a range of electronic banking transactions,” said New Zealand Bankers’ Association chief executive... Read more »
- The New Zealand Bankers’ Association has issued a seven point list to combat online banking fraud as Fraud Awareness Week 2012 kicks off. “Public vigilance is crucial in the fight against financial cyber crime. Customers have an important role to play to protect themselves and their money,” said New Zealand Bankers’ Association acting chief executive... Read more »
- New Zealand Bankers’ Association (NZBA) is pleased to announce that Kirk Hope will step into the role of chief executive of the NZBA at the end of March, taking over from acting chief executive Martin Philipsen. A Wellington-based banking professional with over a decade of experience in the New Zealand financial services sector, Kirk Hope... Read more »
- The Co-operative Bank has joined the New Zealand Bankers’ Association bringing the total number of member banks to 13. New Zealand Bankers’ Association acting chief executive Martin Philipsen welcomed the new member bank. “We are pleased to have New Zealand’s newest registered bank join us. Having The Co-operative Bank on board strengthens our role as... Read more »
- New Zealand banks are well positioned in the face of current international financial tensions. “Our banks’ strength lies in the fact that they are well capitalised and regulated,” said New Zealand Bankers’ Association chief executive Sarah Mehrtens. New Zealand banks all meet the international standards, and the Reserve Bank of New Zealand requirements which are... Read more »
- The New Zealand Bankers’ Association today welcomed the government’s financial assistance for leaky homes which will provide a further option for affected home owners. The package will offer a government contribution of 25% of the cost of approved repairs to eligible home owners to repair their homes, and home owners may be eligible for a... Read more »
- The new Chair of the New Zealand Bankers’ Association (NZBA) for 2011/12 is Bank of New Zealand Managing Director and Chief Executive Andrew Thorburn. David Hisco, Chief Executive Officer of ANZ New Zealand, is the Deputy Chair. Thorburn, who takes on this role in NZBA’s 120th anniversary year said, “BNZ is pleased to be taking... Read more »
- SBS Bank (Southland Building Society) and JPMorgan Chase Bank N.A. have joined the New Zealand Bankers’ Association bringing the total number of member banks to 12. New Zealand Bankers’ Association chief executive Sarah Mehrtens welcomed the two new member banks. “I am delighted by the decision of both SBS Bank and JPMorgan Chase to join... Read more »
