Credit Card fees must be regulated

Credit Card fees must be regulated

Bernard Hickey New Zealand has fallen behind Australia and Britain in using contactless payments because our light-handed regulation means bank fees are two to three times higher and retailers are revolting. Now the Government may have to regulate fees directly. In the telecommunications industry, it’s known as ‘bill shock.’ As soon as a customer gets an unexpectedly large bill during a…

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Editorial Two – New Statute will open up banks and insurers

Issue 424 October 1, 2019 Commercial banks have brought down their grilled and glass-panelled counters, allowing for closer interaction with customers; insurers largely operate through brokers who reach across to people and offer them products and services, and most importantly, rise to every occasion to settle claims. But all is not well with the finance sector, with banks and insurance…

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Temporary Visa changes will disrupt SMEs

Temporary Visa changes will disrupt SMEs

Raj Pardeep Singh Immigration New Zealand (INZ) announced on September 18, 2019 the long-awaited temporary work visa changes. Most of the changes that will affect employers more than migrant workers and will not happen until 2021. Migrant communities unimpressed These changes are not very impressive to migrant communities. The most effected people from these changes will be small to medium…

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Loan sharks must be muzzled – Editorial Two

Issue 423 September 15, 2019 Commerce and Consumer Affairs Minister Kris Faafoi has done well in introducing to Parliament ‘The Credit Contracts Legislation Amendment Bill.’ The proposed Legislation passed its First Reading on April 30, 2019 and is currently being scrutinised by the Parliamentary Select Committee on Finance and Expenditure of which Dr Russell is the Chairman. As Dr Russell…

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Our complacency puts Democracy under threat

Our complacency puts Democracy under threat

Elizabeth Longworth Standfirst: Survival of New Zealand’s democracy faces unprecedented threats over the next thirty years: (a) Risks from systemic global economic instability (b) Major upheaval from adaptation (or not) to climate change (c) Dislocation arising from automated and intelligent machines. A Kiwi characteristic that could severely impede our capacity to respond, is the complacency of “she’ll be right.” Actually, it won’t…

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