Tag: overcharging
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FMA Warns Kiwibank for Overcharging Customers
The Financial Markets Authority (FMA) has issued a warning to Kiwibank for overcharging customers due to a failure to apply fee waivers to certain joint account holders. The issue, which persisted from approximately March 2005 to November 2024, involved transaction…
BusinessPolitics and GovernmentFinancial MarketsBankingLegal FMAKiwibankFinancial Markets Authorityoverchargingfee waiversjoint accountsFinancial Markets Conduct ActNZ Financial Markets Authority