Commerce Commission
Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
31st Mar 20, 2:01pm
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Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
28th Mar 20, 10:32am
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In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
HSBC failure to disclose interest rate increase to borrowers affected 225 loans and 180 borrowers and sees bank warned and required to compensate borrowers about $7,000
10th Mar 20, 10:53am
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HSBC failure to disclose interest rate increase to borrowers affected 225 loans and 180 borrowers and sees bank warned and required to compensate borrowers about $7,000
ANZ NZ to pay customers more than $35 million after admitting a breach of its responsible lending obligations in relation to a coding error within a loan calculator
2nd Mar 20, 1:35pm
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ANZ NZ to pay customers more than $35 million after admitting a breach of its responsible lending obligations in relation to a coding error within a loan calculator
Govt promises law change this year to make wholesale fuel prices more transparent, supplier/distributor contracts fairer, and retail premium petrol prices clearer
27th Feb 20, 11:06am
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Govt promises law change this year to make wholesale fuel prices more transparent, supplier/distributor contracts fairer, and retail premium petrol prices clearer
Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
14th Feb 20, 9:42am
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Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
Westpac has agreed to compensate over 19,000 new credit card customers who were not provided with the required disclosure information when getting their credit cards
11th Feb 20, 11:36am
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Westpac has agreed to compensate over 19,000 new credit card customers who were not provided with the required disclosure information when getting their credit cards
Annual financial statements from ANZ's UDC Finance refer to 'various notices and requests for information from its regulators as part of both industry-wide and UDC-specific reviews'; Spokeswoman only points to ComCom case
16th Dec 19, 9:56am
Annual financial statements from ANZ's UDC Finance refer to 'various notices and requests for information from its regulators as part of both industry-wide and UDC-specific reviews'; Spokeswoman only points to ComCom case
Final report on retail fuel market recommends 'terminal gate pricing regime' similar to in Australia, requiring all importers to offer a 'spot' price; Govt aims to 'break stranglehold' of big fuel companies
5th Dec 19, 8:42am
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Final report on retail fuel market recommends 'terminal gate pricing regime' similar to in Australia, requiring all importers to offer a 'spot' price; Govt aims to 'break stranglehold' of big fuel companies
Council of Financial Regulators says climate change, financial inclusion and consumer engagement, residential property insurance, plus conduct and governance are on its agenda
29th Nov 19, 4:13pm
Council of Financial Regulators says climate change, financial inclusion and consumer engagement, residential property insurance, plus conduct and governance are on its agenda
Commerce Commission says telecoms retail sector providers generated highest number of complaints, while there were also considerable numbers of complaints about online ticket selling
21st Nov 19, 10:46am
Commerce Commission says telecoms retail sector providers generated highest number of complaints, while there were also considerable numbers of complaints about online ticket selling
Changes to the Commerce Act to address anti-competitive behaviour could be one step closer as MBIE prepares policy advice for the Government
28th Oct 19, 9:08am
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Changes to the Commerce Act to address anti-competitive behaviour could be one step closer as MBIE prepares policy advice for the Government
The Commerce Commission announces its latest draft determination on the $50 million annual telco levy
24th Oct 19, 10:34am
The Commerce Commission announces its latest draft determination on the $50 million annual telco levy
Insurance company IAG's plans to open a trial vehicle repair facility in South Auckland creates concerns about potential anti-competitive behaviour
8th Oct 19, 10:52am
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Insurance company IAG's plans to open a trial vehicle repair facility in South Auckland creates concerns about potential anti-competitive behaviour
Competitors and regulators weigh in on Harmoney founder Neil Roberts' view that there's no viable peer-to-peer lending model in New Zealand under existing laws
27th Sep 19, 5:00am
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Competitors and regulators weigh in on Harmoney founder Neil Roberts' view that there's no viable peer-to-peer lending model in New Zealand under existing laws
Government's proposed conduct licensing regime for financial service providers features a high-level fair treatment standard across all retail customer related parts of their business
26th Sep 19, 9:38am
Government's proposed conduct licensing regime for financial service providers features a high-level fair treatment standard across all retail customer related parts of their business
Harmoney's Neil Roberts says the P2P lender, which launched in September 2014, has been 'slowly operating a pivot and moving to lending our own money' since 2015
26th Sep 19, 5:00am
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Harmoney's Neil Roberts says the P2P lender, which launched in September 2014, has been 'slowly operating a pivot and moving to lending our own money' since 2015
'Super investor' Ron Hoy Fong's property mentoring company Ronovation ordered to pay $400,000 for breaching the Commerce Act
18th Sep 19, 4:20pm
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'Super investor' Ron Hoy Fong's property mentoring company Ronovation ordered to pay $400,000 for breaching the Commerce Act
Commerce Commission takes ANZ subsidiary UDC Finance to court over allegations of charging unreasonable fees. UDC says its fees fairly and reasonably recover its underlying costs
6th Sep 19, 10:05am
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Commerce Commission takes ANZ subsidiary UDC Finance to court over allegations of charging unreasonable fees. UDC says its fees fairly and reasonably recover its underlying costs
David Chaston calls out the PM for a populist outburst that isn't backed up by the facts at the petrol pump. The largest cost component of fuel is tax now taking almost half the discounted price paid
20th Aug 19, 2:40pm
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David Chaston calls out the PM for a populist outburst that isn't backed up by the facts at the petrol pump. The largest cost component of fuel is tax now taking almost half the discounted price paid
Commerce Commission finds lack of active wholesale fuel market is stifling competition and costing consumers more than it should at the pump
20th Aug 19, 9:19am
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Commerce Commission finds lack of active wholesale fuel market is stifling competition and costing consumers more than it should at the pump
The Commerce Commission starts legal action against loans company Pretty Penny for alleged breaches of the CCCFA
12th Aug 19, 1:43pm
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The Commerce Commission starts legal action against loans company Pretty Penny for alleged breaches of the CCCFA
Westpac NZ refunding about 93,000 customers overcharged about $7 million after self-reporting the issues to the Financial Markets Authority and the Commerce Commission
6th Aug 19, 11:04am
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Westpac NZ refunding about 93,000 customers overcharged about $7 million after self-reporting the issues to the Financial Markets Authority and the Commerce Commission
New Commerce Commission chairwoman Anna Rawlings says online retail, motor vehicle financing & educating traders about conduct that may contravene cartel laws among areas of focus for the consumer watchdog
25th Jul 19, 5:19pm
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New Commerce Commission chairwoman Anna Rawlings says online retail, motor vehicle financing & educating traders about conduct that may contravene cartel laws among areas of focus for the consumer watchdog
Aotea Finance will pay thousands of customers after a settlement with the Commerce Commission due to credit contracts not including all the key information required under the Credit Contracts and Consumer Finance Act 2003
17th Jul 19, 11:35am
Aotea Finance will pay thousands of customers after a settlement with the Commerce Commission due to credit contracts not including all the key information required under the Credit Contracts and Consumer Finance Act 2003