Tag: consumer_protection
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Trade Me Joins Digital Leaders to Bolster Online Scam Protection in New Zealand
Trade Me joins the New Zealand Online Scams Code, uniting with Google, Meta, and TikTok. This move strengthens industry efforts to combat sophisticated online scams, enhancing consumer protection across Aotearoa through collective action and intelligence sharing.
BusinessScience & TechnologyLaw EnforcementComputers and InternetLegalSocial IssuesEconomy Trade MeTech New ZealandNew Zealand Online Scams CodeOnline ScamsConsumer ProtectionDigital IndustryAotearoaTechnology
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Police Warn South Auckland Residents of Bank Card Letterbox Scam
New Zealand Police warn South Auckland residents about a scam targeting older people, where fraudsters trick victims into leaving bank cards in letterboxes for "investigation," leading to financial loss. Verify callers and protect vulnerable individuals.
Law EnforcementBusinessLegalBankingSocial IssuesEconomy New Zealand PoliceSouth AucklandScamBank CardsFraudElderlyConsumer Protection
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FMA Urges Insurers to Prioritize Fair Consumer Outcomes in Sales Campaigns
The FMA has released findings on insurer sales campaigns, urging better management of incentives to prevent conflicts of interest. Insurers must adopt proactive, outcomes-focused approaches to ensure fair treatment of consumers under the CoFI regime.
BusinessLaw EnforcementFinancial MarketsLegalSocial Issues FMAInsurersConsumer ProtectionSales CampaignsConflicts of InterestConduct of Financial Institutions (CoFI)Financial AdvisersNZ Financial Markets Authority
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FMA Urges Insurers to Prioritize Fair Consumer Outcomes in Sales Campaigns
The FMA has released findings on insurer sales campaigns, urging proactive management of incentives to prevent conflicts of interest and ensure fair consumer outcomes under the CoFI regime in New Zealand.
BusinessPolitics and GovernmentFinancial MarketsLegalGeneral Politics Financial Markets AuthorityInsurersConsumer ProtectionSales CampaignsConflicts of InterestConduct of Financial InstitutionsNZ Financial Markets Authority
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New Rules to Level Playing Field in New Zealand's Electricity Market
New Zealand's Electricity Authority introduces rules from July 1st to ensure fair competition. Major gentailers must treat all retailers equally for wholesale price risk, aiming for better deals and more choice for Kiwi consumers.
Politics and GovernmentBusinessScience & TechnologyGeneral PoliticsEconomyEnergyLegalEnvironment Electricity MarketElectricity AuthoritySimeon BrownEnergy PolicyCompetitionConsumer ProtectionNew Zealand Government
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‘Think again’: Police send strong message to visitors scamming Kiwis
A UK national is in custody for a $27,000 painting scam in Auckland, while his associate fled. New Zealand Police warn foreign scammers that the country is not a soft target, with offenders facing jail and deportation.
Law EnforcementPolitics and GovernmentBusinessLegalEconomySocial IssuesImmigration FraudScamsAucklandNew Zealand PoliceAndrew Yeshua GlaubermanThomas Jay TaylorConsumer Protection
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Multiple Product Recalls Announced Due to Asbestos Risk, Fire Hazard, and Choking Hazards
Several products, including sand art sets and a children's playset, have been recalled due to safety concerns, including asbestos contamination, fire risks, and potential choking hazards. Consumers are urged to take immediate action.
HealthBusinessScience & TechnologyAustralasiaMedical ScienceEnergyLegal Product RecallAsbestosFire HazardChoking HazardSand Art SetAir Purifying RespiratorConsumer ProtectionProduct Safety NZ