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Bank payouts to wronged customers top $109 million in four years

Banks have paid out $109 million in remediation to 952,000 customers after New Zealand regulators reviewed the sector. Last month the FMA revealed nearly h

New zealandClare bolingfordRoger beaumontFinancial markets authorityAustralia royal commissionZealand banker associationFinancial institutions regimeReserve bankRoyal commission

New Zealand Financial Markets Authority: $150 Million Returned To Customers Following Conduct And Culture Reviews Of Banks And Insurers

<p><span>The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko today said customer remediation by banks and life insurers following the Conduct and Culture reviews was progressing well, with the total dollar value returned to customers now reaching $150 million.</span></p>

New zealandClare bolingfordFinancial services council conferenceFinancial markets authorityReserve bankFinancial institutions regimeFinancial marketsAmendment act

Banks, life insurers refund about $150m to more than 1 5 million consumers

Banks and life insurers have refunded about $150 million to more than 1.5 million consumers for unfair and improper treatment and poor service.

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Business Scoop » $150 Million Returned To Customers Following Conduct And Culture Reviews Of Banks And Insurers

Business Scoop provides news and views on Business and Markets from New Zealand

New zealandClare bolingfordMana ttai hokohokoFinancial services council conferenceFinancial markets authorityPress releaseFinancial marketsReserve bankFinancial institutions regimeAmendment actNew zealand

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