Media

Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.

Media Appearances

Good Returns - Banks need to make CCCFA easy for advisers: Gough

- The bravest of brave faces has come from the Bankers Association, which declared that “banks are responsible lenders, and support the aims of the law”. Earlier, the association complained the CCCFA was being rushed through without sufficient clarity on what had to be done and without enough time to do it.
Media Releases

We all have a role to play in calling out economic harm

- If you see signs of economic harm among family and friends, it’s important to call it out. That’s a key message from the New Zealand Bankers’ Association, which is supporting the first Economic Harm Awareness Day in Aotearoa New Zealand organised by Good Shepherd NZ on Friday 26 November. Economic harm can affect anyone, regardless... Read more »
Media Appearances

Interest.co.nz - Changes to consumer lending rules from December 1 bring increased requirement to verify borrower information and assess suitability

- Roger Beaumont, CEO of bank lobby group the New Zealand Bankers’ Association, said; “banks are responsible lenders, and we support the aims of the law changes to help people avoid taking on unaffordable debt. We also think it’s important that people are prepared for what the law change will mean for them when they apply... Read more »
Media Appearances

Autofile - Fresh guidance on new lending laws

- “We also think it’s important that people are prepared for what the law change will mean for them when they apply for a loan. Customers will have to provide more information and lenders will need to do more to check it’s correct, which will make the whole process longer.”
Media Releases

“Changes to consumer lending and how it affects you” – information welcomed by financial mentors and lenders

- Changes to consumer lending law to help people avoid unaffordable debt mean it may take longer to get a loan from 1 December. Information to help consumers prepare for the changes has been welcomed by financial mentors and lenders. The changes to the Credit Contracts and Consumer Finance Act 2003 mean credit applications are likely... Read more »
Media Appearances

Good Returns - Bankers Association agrees rules can be difficult

- “As an industry we sometimes find implementing deadlines can be challenging,” Beaumont said. “For example, the law sets a compliance date but the more detailed regulations or guidance are not available until close to the deadline.”