Media Releases
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Media Releases
Media Releases
Warning: credit card chargebacks and risky online investments
- The New Zealand Bankers’ Association today supported the Banking Ombudsman’s warning that you shouldn’t expect to be reimbursed for authorised credit card payments to risky binary options trading websites. “Once you’ve authorised an online payment with your credit card to a binary options trading website, you can’t expect to get a chargeback if the trade... Read more »
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Beware financial crime this festive season
- As New Zealanders prepare to go on their summer holidays the New Zealand Bankers’ Association cautions people to watch out for financial crime. “At this busy time it can be easy to let our guard down. While we’re getting ready for the holidays, the fraudsters are hard at work. “They love this time of year... Read more »
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‘Money mule’ scam warning
- The New Zealand Bankers’ Association today warned people against transferring money for people they do not know to avoid becoming a ‘money mule’. The warning comes after a scam that affected an older Blenheim resident. In this case the overseas fraudsters had persuaded the bank customer they had won a lottery as part of a... Read more »
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Banks offer assistance to earthquake-affected customers
- Banks are offering financial assistance packages for customers impacted by the recent earthquakes. “Banks based in affected communities are acutely aware of the huge impact the earthquakes have had on people’s lives, homes and businesses,” says New Zealand Bankers’ Association chief executive Karen Scott-Howman. “Anyone affected by the earthquakes who has financial concerns should contact... Read more »
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Investing time in your financial plan now could pay dividends later – Money Week
- New Zealand Bankers’ Association (NZBA) says investing time to make your financial plan now could pay dividends by giving you choices in the future. As part of Money Week (5-11 September) run by the Commission for Financial Capability, NZBA is encouraging people to take time to think about their financial future, set short and long... Read more »
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NZBA warns against email whaling scams
- The New Zealand Bankers’ Association (NZBA) warns that anyone can be the target of an email whaling scam. Following a fake email purportedly sent by NZBA’s chief executive to a colleague, it was thanks to training and attention to detail that the scammer was foiled. NZBA’s work includes educating consumers on fraud prevention, and believes... Read more »
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NZBA welcomes FMA’s proposed guide on conduct
- The New Zealand Bankers’ Association (NZBA) today welcomed the Financial Markets Authority’s (FMA) release of ‘A guide to the FMA’s view of conduct’. “Good conduct and trust form a vital part of banks’ relationships with their customers. New Zealand banks work hard to ensure their customers’ interests are considered first when providing financial advice, so... Read more »
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NZBA welcomes MBIE’s recommended changes to FAA and FSPA
- The New Zealand Bankers’ Association (NZBA) today welcomed the Ministry of Business, Innovation and Employment’s (MBIE) recommendations to the Minister of Commerce and Consumer Affairs on changes to the Financial Advisers Act 2008 (FAA) and Financial Services Providers Act 2008 (FSPA). “Banks support good quality regulation that improves consumer understanding of financial advice and the... Read more »
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