Releases from the Minister

Found 64 results. Displaying page 1 of 5

1. 19 February 2023

   New service set up to support homeowners with natural disaster insurance claims

   People whose homes have been damaged by a natural disaster – like Cyclone Gabrielle and the recent floods across various parts of the North Island - will now have access to a new service to assist and support them if their insurance claims get stuck, Minister of Commerce and Consumer Affairs Hon Dr Duncan Webb announced today.

   https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/new-service-set-up-to-support-homeowners-with-natural-disaster-insurance-claims/

2. 16 February 2023

   Easier access to finance for those affected by the floods

   The Government is making it easier for people in financial difficulty as a result of the catastrophic flooding to get temporary credit.

   https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/easier-access-to-finance-for-those-affected-by-the-floods/

3. Minister release

   10 November 2022

   Govt moves to introduce open banking to give customers a better deal

   The Government has announced moves to increase bank competition and deliver a better deal for New Zealanders with the introduction of open banking, Minister of Commerce and Consumer Affairs David Clark announced today.

   https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/govt-moves-to-introduce-open-banking-to-give-customers-a-better-deal/

4. Minister release

   2 November 2022

   Better protections for Kiwis using Buy Now, Pay Later

   Better checks to stop vulnerable consumers landing themselves in Buy Now, Pay Later (BNPL) debt traps are on the way, Commerce and Consumer Affairs Minister Dr David Clark announced today.

   https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/better-protections-kiwis-using-buy-now-pay-later/

5. Minister release

   2 August 2022

   Further changes to CCCFA Regulations will improve safe access to credit

   The Government is clarifying the Credit Contracts and Consumer Finance (CCCFA) Regulations, to ensure borrow-ready kiwis aren’t being unfairly penalised when applying for a loan.

   https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/further-changes-to-cccfa-regulations-will-improve-safe-access-to-credit/

6. 28 June 2022

   Govt passes law to protect consumers in banking and insurance sector

   The Government has tightened up protections for New Zealanders across the banking and insurance sectors to ensure they get a fair deal.

   https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/govt-passes-law-to-protect-consumers-in-banking-and-insurance-sector/

7. 7 June 2022

   Outcome of MBIE/FMA review of funding and levies 2021

   MBIE have published the outcome of the review of the FMA’s funding and levies which took place earlier this year.

   https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/outcome-of-mbiefma-review-of-funding-and-levies-2021/

8. 11 May 2022

   Lower card fees on way for business, consumers

   A Bill to help lower the fees charged when credit and debit transactions are made, will save New Zealand businesses around $74 million a year.

   https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/lower-card-fees-on-way-for-business-consumers/

9. 22 March 2022

   Govt cracks down on misuse of NZ companies

   A Bill to crackdown on global and domestic criminals who use businesses to hide money laundering, tax evasion and the financing of terrorism will be introduced this year.

   https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/govt-cracks-down-on-misuse-of-nz-companies/

10. 11 March 2022

    Govt updates responsible lending rules

    The Government is making practical amendments to responsible lending rules to curb any unintended consequences being caused by the Credit Contracts and Consumer Finance Act (CCCFA).

    https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/govt-updates-responsible-lending-rules/

11. 1 December 2021

    New lending laws will further protect Kiwis from unaffordable debt

    Kiwis can expect better protection from high-cost loans and unaffordable debt as a result of changes to lending laws coming into effect today, Commerce and Consumer Affairs Minister Dr David Clark said.

    https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/new-lending-laws-will-further-protect-kiwis-from-unaffordable-debt/

12. 4 November 2021

    Consumer benefits at the forefront of Buy-Now, Pay-Later consultation

    New Zealanders are being asked to share their experiences with Buy-Now, Pay-Later products as the Government explores if more needs to be done to mitigate the risk of consumer harm.

    https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/consumer-benefits-at-the-forefront-of-buy-now-pay-later-consultation/

13. 21 October 2021

    NZ passes world-first climate reporting legislation

    New Zealand has become the first country in the world to pass a law that will ensure financial organisations disclose and ultimately act on climate-related risks and opportunities, Commerce and Consumer Affairs Minister Dr David Clark and Climate Change Minister James Shaw today announced today (21 OCTOBER 2021).

    https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/nz-passes-world-first-climate-reporting-legislation/

14. 11 October 2021

    Lower card fees good for businesses, consumers

    The Bill to help lower the cost of the fees retailers get charged for offering contactless and debit payment options is another step closer to becoming law, Commerce and Consumer Affairs Minister Dr David Clark said today (11 OCTOBER 2021).

    https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/lower-card-fees-good-for-businesses-consumers/

15. 28 September 2021

    Latest KiwiSaver Annual Report shows promising benefits for members

    The latest KiwiSaver Annual Report from the Financial Markets Authority (FMA), highlights how Government’s recent policy tweaks have positively benefitted New Zealanders, Commerce and Consumer Affairs Dr David Clark said today (28 SEPTEMBER 2021).

    https://www.fma.govt.nz/news/all-releases/releases-from-the-minister-of-commerce/latest-kiwisaver-annual-report-shows-promising-benefits-for-members/