Article tagged with 'commerce commission'
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Greater transparency and protections
08 Sep 2025 - NZFSG says it is unclear whether customers are receiving superior financial advice, but the level of consumer trust has grown with greater transparency.
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Banks use existing power to control open banking
03 Sep 2025 - Fintechs are being placed at a disadvantage as the major banks “lock in their existing power” and delay open banking, the Commerce Commission says.
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Banks' new comparison calculator no threat to advisers: Patten
02 Sep 2025 - Mortgage advisers have nothing to fear from the new home loan comparison calculator that the New Zealand Banking Association (NZBA) has just launched, according to leading adviser Bruce Patten of Loan Market.
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Banks tardy on making changes to clawback policies
01 Sep 2025 - Only one of the major banks appears to have made changes to its clawback policy despite it being one of the 14 recommendations in last year’s Commerce Commission’s report into retail banking competition the Government is implementing.
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Ongoing education as part of mandatory professional membership a priority - FAMNZ
26 Aug 2025 - A new country manager for the Finance and Mortgage Advisers Association of New Zealand (FAMNZ) is expected to be appointed in the next fortnight.
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Westpac to cough up for alleged CCCFA breaches
25 Aug 2025 - Failure to give customers legally required information about their loans and, in some cases, agreed interest rate discounts had landed Westpac in hot water.
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‘Excessive’ security agreements by banks need investigating – lobby group
11 Jun 2025 - Banks’ general security agreements could come under scrutiny from the Commerce Commission.
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Sold sign goes up on Consilium
19 May 2025 - FirstCape has agreed to buy Consilium for an undisclosed sum.
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Three offers recommendation lost in translation - ComCom
03 Apr 2025 - The Commerce Commission says its proposal that advisers have to submit three offers to clients has been "lost in translation".
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Mortgage advisers punch-up with ComCom takes a new twist
07 Mar 2025 - The scrap between mortgage advisers and the Commerce Commission over its insistence borrowers be presented with three actual offers from three different lenders has taken another turn.