Having a say on draft banking report
The Commerce Commission will hold a consultation conference on the banking competition draft report in Auckland on May 13.
The hybrid conference, meaning people can attend in person or online, will be to consider comments on the draft report.
Major backlash to the report has already come from many mortgage advisers, upset at commission chairman John Small’s comments that mortgage brokers are at risk of being “unduly influenced” by commissions they get from banks for placing mortgages.
Small...MORE»
Op-ed: Cost of living issues open options for advisersThursday, April 25th, 8:13AM
Encouraging business owners to seek financial advice is good business - for you and them. MORE» |
CCCFA changes not a complete panaceaWednesday, April 24th, 10:55AM
Unwinding the impact of all the 2021 CCCFA changes probably won’t happen, says David Cunningham, Squirrel Mortgage chief executive. MORE» |
Move to short term but higher rates
Short term fixed rate loans surged in the first few months of the year.
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Vega Mortgages is joining forces with the nation’s newest aggregator Finsure
MORE»CCCFA reaction: a return to common sense
The dumping of 11 pages of overly prescriptive affordability regulations under the CCCFA are a welcome return to common sense, the Financial Services Federation (FSF) says.
MORE»Major banks pass RBNZ climate stress test scenario but with profits slashed
Climate-related risks need to be actively managed to protect the resilience of the financial system to other shocks, the Reserve Bank’s 2023 climate stress test has found.
MORE»Govt says it is going to get easier to get a home loan
Ministers have, over the weekend, announced their first changes to CCCFA.
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