Tag: kiwibank
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Labour Pledges to Open Up Banking Sector and Boost Competition
Labour promises more banking choice for Kiwis, including a new e-money licence, fair access for smaller providers, and a 24/7 real-time payments system by 2030.
Politics and GovernmentBusinessGeneral PoliticsLabour PartyBankingEconomyElection New Zealand Labour PartyChris HipkinsArena Williamsbanking competitione-money licencereal-time paymentsKiwibank
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Labour Demands Luxon Name Assets He Plans to Sell
Fifty-three days from the election, Labour's Barbara Edmonds says Christopher Luxon won't reveal which public assets he plans to sell, accusing him of breaking his 2023 promise.
Politics and GovernmentBusinessElectionGeneral PoliticsEconomyState Governments Christopher LuxonBarbara EdmondsNew Zealand Labour Partyasset salesNew Zealand electionKiwibankAir New Zealand
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Media Monitor: Consumer NZ Reports on Product Tests, Power Prices, and Kiwibank Fees
Consumer NZ released findings on dishwasher detergents, affordable slow cookers, and clothes dryers. It also reported on Trade Me fee changes, Kiwibank's new charges, and power affordability in New Zealand.
BusinessScience & TechnologyMediaEconomyComputers and InternetEducationSocial Issues Dishwasher DetergentsConsumer ProductsPower PricesTrade MeKiwibankSmartphonesConsumer NZ
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New Zealand First Unveils Compulsory KiwiSaver at Birth and BNZ Buy-Back Plan
New Zealand First proposes compulsory KiwiSaver at birth with a $1000 Crown contribution and plans to buy back BNZ, merging it with Kiwibank to form a new "National Bank of New Zealand" to boost economic sovereignty.
Politics and GovernmentBusinessGeneral PoliticsEconomyBankingFinancial MarketsEmployment and LaborElection New Zealand FirstWinston PetersKiwiSaverBNZKiwibankNational Bank of New ZealandEconomic PolicyNZ First
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FMA Warns Kiwibank for Overcharging Customers
The FMA has warned Kiwibank for overcharging customers on joint accounts between 2011 and 2024. Kiwibank overcharged 8,663 customers a total of $912,053.79. The FMA has said that Kiwibank could have identified the issue earlier.
BusinessPolitics and GovernmentFinancial MarketsBankingLegal FMAKiwibankFinancial Markets Authorityoverchargingfee waiversjoint accountsFinancial Markets Conduct ActNZ Financial Markets Authority