Kris Faafoi
Salvation Army’s State of the Nation report lumps debt and fringe lending in with alcohol consumption, drug taking and gambling in the social hazards section
13th Feb 19, 3:14pm
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Salvation Army’s State of the Nation report lumps debt and fringe lending in with alcohol consumption, drug taking and gambling in the social hazards section
A closer look at the pending commission crackdown Commerce and Consumer Affairs Minister Kris Faafoi sees when he glances across the Tasman
6th Feb 19, 8:59am
A closer look at the pending commission crackdown Commerce and Consumer Affairs Minister Kris Faafoi sees when he glances across the Tasman
Aussie Royal Commission's final report lashes sales incentives & ex-BNZ boss Andrew Thorburn, brings bad news for mortgage brokers
5th Feb 19, 8:04am
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Aussie Royal Commission's final report lashes sales incentives & ex-BNZ boss Andrew Thorburn, brings bad news for mortgage brokers
The emergence and growth of 'buy now, pay later' services has caught the eye of competitors and regulators. Stephen Forbes takes a look at the fast growing sector
1st Feb 19, 12:16pm
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The emergence and growth of 'buy now, pay later' services has caught the eye of competitors and regulators. Stephen Forbes takes a look at the fast growing sector
Proposed Government crack-down on insurance sales incentives re-sparks discussion over how to provide free or affordable financial advice that isn't compromised
30th Jan 19, 2:41pm
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Proposed Government crack-down on insurance sales incentives re-sparks discussion over how to provide free or affordable financial advice that isn't compromised
Minister of Commerce and Consumer Affairs Kris Faafoi establishing new regulatory powers targeting new credit products
30th Jan 19, 5:00am
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Minister of Commerce and Consumer Affairs Kris Faafoi establishing new regulatory powers targeting new credit products
Robertson and Faafoi commit to plugging legal gap that sees bank and insurance conduct go unregulated
29th Jan 19, 3:11pm
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Robertson and Faafoi commit to plugging legal gap that sees bank and insurance conduct go unregulated
Credit card users should take advantage of low-interest cards, balance-transfer deals & interest-free periods, Commerce & Consumer Affairs Minister Kris Faafoi says
17th Dec 18, 5:00am
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Credit card users should take advantage of low-interest cards, balance-transfer deals & interest-free periods, Commerce & Consumer Affairs Minister Kris Faafoi says
Commerce and Consumer Affairs Minister Kris Faafoi says reciprocity key to preventing open banking from seeing the big four tech companies gazump banks
15th Dec 18, 9:31am
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Commerce and Consumer Affairs Minister Kris Faafoi says reciprocity key to preventing open banking from seeing the big four tech companies gazump banks
Small businesses lacking bargaining power front of mind for Government as it consults on strengthening protections against unfair commercial practices
10th Dec 18, 1:25pm
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Small businesses lacking bargaining power front of mind for Government as it consults on strengthening protections against unfair commercial practices
The Commerce Commission will have a year to do a market study on the retail fuel market; more industry probes to follow
3rd Dec 18, 4:00pm
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The Commerce Commission will have a year to do a market study on the retail fuel market; more industry probes to follow
RBNZ flags astronomical life insurance commissions as it indicates its conduct and culture review on the industry will be more scathing than the one it did on banks; However the sharpness of regulators' teeth remain in question
28th Nov 18, 4:55pm
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RBNZ flags astronomical life insurance commissions as it indicates its conduct and culture review on the industry will be more scathing than the one it did on banks; However the sharpness of regulators' teeth remain in question
The Reserve Bank admits it might need to change the way it oversees banks' books, as banks are poised to start servicing their customers more through third parties
22nd Nov 18, 10:56am
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The Reserve Bank admits it might need to change the way it oversees banks' books, as banks are poised to start servicing their customers more through third parties
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
19th Nov 18, 9:53am
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
Government's suggestion of establishing a legal duty for banks to consider customers' long-term outcomes would be a shift to a fiduciary duty of care from buyer beware
7th Nov 18, 3:24pm
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Government's suggestion of establishing a legal duty for banks to consider customers' long-term outcomes would be a shift to a fiduciary duty of care from buyer beware
Jenée Tibshraeny questions whether the 'power to make changes' rests with the banks, as the RBNZ and FMA say, or the lawmakers
6th Nov 18, 11:58am
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Jenée Tibshraeny questions whether the 'power to make changes' rests with the banks, as the RBNZ and FMA say, or the lawmakers
FMA & RBNZ report highlights several ways government could address regulatory gaps to incentivise banks to develop & maintain appropriate management of conduct risk
5th Nov 18, 2:00pm
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FMA & RBNZ report highlights several ways government could address regulatory gaps to incentivise banks to develop & maintain appropriate management of conduct risk
Greens lobby Commerce Minister to get competition watchdog to probe supermarkets after petrol companies under soon-to-be-bolstered powers
11th Oct 18, 6:43pm
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Greens lobby Commerce Minister to get competition watchdog to probe supermarkets after petrol companies under soon-to-be-bolstered powers
Loan shark crackdown includes interest & fee caps, fit & proper person test and tougher penalties, Commerce & Consumer Affairs Minister Kris Faafoi says
10th Oct 18, 10:10am
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Loan shark crackdown includes interest & fee caps, fit & proper person test and tougher penalties, Commerce & Consumer Affairs Minister Kris Faafoi says
Australian consumers are getting an inquiry into 'excessive' foreign currency conversion fees, so could their New Zealand counterparts also get one?
8th Oct 18, 12:17pm
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Australian consumers are getting an inquiry into 'excessive' foreign currency conversion fees, so could their New Zealand counterparts also get one?
Commerce & Consumer Affairs Minister Kris Faafoi off to Sydney to talk open banking as he mulls whether there's a govt role in 'opening up NZ’s banking regime further'
27th Sep 18, 4:50pm
Commerce & Consumer Affairs Minister Kris Faafoi off to Sydney to talk open banking as he mulls whether there's a govt role in 'opening up NZ’s banking regime further'
MPs pledge to haul bank bosses in front of a select committee led to questions from a blindsided RBNZ Governor Adrian Orr to Finance Minister Grant Robertson
1st Aug 18, 5:00am
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MPs pledge to haul bank bosses in front of a select committee led to questions from a blindsided RBNZ Governor Adrian Orr to Finance Minister Grant Robertson
Henry Lynch on the foreign buyer data debacle, how chatbots are channelling customers, the Australian banking sector, the FIFA’s World Cup strange connection to toilets, and the meaning of life
6th Jul 18, 10:00am
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Henry Lynch on the foreign buyer data debacle, how chatbots are channelling customers, the Australian banking sector, the FIFA’s World Cup strange connection to toilets, and the meaning of life
As NZ regulators investigate banks' conduct & culture they should take a leaf out of ASIC's book and probe the credit card market too, Gareth Vaughan argues
5th Jul 18, 1:54pm
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As NZ regulators investigate banks' conduct & culture they should take a leaf out of ASIC's book and probe the credit card market too, Gareth Vaughan argues
NZ warned open banking in the UK isn't all it's cracked up to be, with the tech giants rather the garage start-ups best placed to capitalise on having access to banks' data
4th Jul 18, 3:00pm
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NZ warned open banking in the UK isn't all it's cracked up to be, with the tech giants rather the garage start-ups best placed to capitalise on having access to banks' data