The Post - 26/11/2024 

‘It felt like being mugged’: 61 forms of economic abuse detailed to MPs

Media Release 26/11/2024 

Good Shepherd NZ and the FSF partner to help non-bank lenders address economic abuse

Good Shepherd NZ is delighted to be partnering with the Financial Services Federation (FSF) to create a code of practice that can be used by member organisations to support survivors of family violence economic abuse.
"Economic abuse is a common form and feature of family violence. Examples include restricting someone’s access to money or financial accounts, taking [...]"

 Read more...

NZ Herald - 13/11/2024  

Tech touted as banks’ biggest competitor in inquiry, with submitters casting doubt on effectiveness of bolstering Kiwibank

"Coming in to bat for the non-banks, Financial Services Federation chief executive Lyn McMorran said the specialist finance sector was better placed than the big banks to move with the times.

"She noted the popularity of buy now pay later, particularly among younger people [...] Read more...

1News on TVNZ+ - 23/10/2024 

NZ’s largest bank defends its profits as ‘fair’

Lyn McMorran, FSF Executive Director: “It’s more about making sure that the playing field is level for competition for non-bank lenders [...]"

“The fact that 1.7 million New Zealanders choose to deal with a non-bank lender means that people are  actually looking for that choice.” Watch here

NBR – 22/10/2024

Our focus ‘isn’t just on compliance, on gotcha’ – FMA

"The Chief Executive of the Financial Markets Authority has told the county’s non-bank lenders it does not regulate for the sake of regulation and will not focus on “gotchas”, as responsibility for monitoring the sector transfers to it form the Commerce Commission.
"FMA boss Samantha Barrass gave her first speech to the [FSF] annual conference in Auckland today […]” Read more...

Media Release 28/08/2024 

FSF marks 100-member milestone unconventionally

The FSF has welcomed social lender Money Sweetspot to its membership, marking 100 members for the first time in the organisation’s 59-year history [...].
“Reaching 100 members for the first time reflects the viability of New Zealand’s non-bank sector, which is supporting consumers and businesses across New Zealand through their ability to be nimble, innovative and provide necessary competition."  Read more...

Interest.co - 24/08/24 

Disruption lies in empowering non-bank lenders to compete, not just making four major banks five, Lyn McMorran argues

"We’ve heard a lot this week about how beefing-up Kiwibank will be the key to unlocking disruption in personal banking services in New Zealand.

"But is adding one more player in the already existing banking oligarchy, really going to drive the competition and disruption we need? Read more...

Media Release 01/05/2024

FSF submission highlights: Draft Report on Market Study into Personal Banking Services

The Financial Services Federation has submitted on the Commerce Commission’s draft report on their market study into banking services, highlighting how the non-bank lending sector can be empowered to provide more competition and Kiwi consumers more choice.
More than 1.7 million consumers choose to work with a non-bank lender represented by the FSF, whose 97 members [...] Read more...

Media Release 21/03/2024

Banking study highlights crucial role of non-bank lenders

The Commerce Commission’s draft report on their market study into banking services has highlighted the crucial role non-bank lenders play in providing competition and innovation for Kiwi consumers.
The report’s recommendations to accelerate progress on open banking, and to ensure the regulatory environment better supports competition, are particularly supported by the Financial Services Federation (FSF), Read more...