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Buy now, pay later fees to go unregulated, as Cabinet sides with advice from David Seymour and the Ministry for Regulation over that of Commerce & Consumer Affairs Minister Andrew Bayly and MBIE Afterpay assures the lack of rules won't see it hike fees nzherald.co.nz/business/buy-n…

A Capital Letter column: There have been several calls for government intervention at Wellington City Council in recent years, all of which have been a disproportionate reaction to the issues at play – until now. nzherald nzherald.co.nz/nz/tory-whanau…

Scoop: Nicola Willis unveils who will pay what to insure people's savings via the new deposit compensation scheme. Her decision sees her mark her position in the 'banking competition vs financial stability' debate. nzherald.co.nz/business/nicol…

So, I get leaked an NZTA doc in Feb that shows delivering transport projects National campaigned on could cost twice as much as expected. We run a story. In the meantime, Oli-the-infra-expert requests similar info from NZTA. It says no, Oli goes to the Ombudsman, and now this...

Little shout out to the staff at Daniel's Kitchen, Sakura, and Wrap and Rolls! Tasty lunch options around Parliament and amazing service!

Not ideal... from the RBNZ's Monetary Policy Statement

Why borrowers should temper their expectations around mortgage rates cuts. My analysis of yesterday's OCR cut: nzherald.co.nz/business/econo…

Big calls by Christopher Bishop on infra: -Govt wants to prioritise user-pays over paying for infra with taxpayer $ and govt debt. Expect more tolls, congestion charging, value capture, etc -Govt keen to take unsolicited project pitches from the private sector nzherald.co.nz/business/compa…

The Government is planning to crack down on businesses masquerading as charities to reduce their tax bills - possibly as soon as next year. Nicola Willis expects to make an announcement on the matter at the next Budget. nzherald.co.nz/business/perso…

If you've been aggrieved by your employer, but you're also in the wrong, your compensation could be wiped under a proposed law change. Details: nzherald.co.nz/business/econo…

NEW: The Govt is embarking on an "ambitious" review of the Commerce Act and ComCom. Andrew Bayly is particularly wary the law allows creeping acquisitions - think big firms buying up pharmacies, vet and dentist clinics to become dominant in their markets. nzherald.co.nz/business/compa…

.Revolut has applied to the RBNZ for a banking licence, as it looks to expand its offering to deposits & loans. It's unclear whether the RBNZ will eventually allow fintechs to hold less than $30m capital (the current threshold) to become a "bank". nzherald.co.nz/business/compa…

The Court of Appeal has given BNZ the greenlight to shut Gloriavale’s bank accounts in move that could end the community. Judgement could set a precedent for other cases involving "de-banking". nzherald.co.nz/business/compa…

My take on the Govt seeking capital locally to boost Kiwibank It's a political win - gets capital without costing taxpayers or upsetting those opposed to selling assets to foreigners. But it's a temporary solution & no competition-enhancing silver bullet nzherald.co.nz/business/compa…

"It will not be the end of the community" - Gloriavale CEO responds to BNZ closing its accounts. CEO confident Gloriavale will find a banking solution. Govt won't put statutory managers in place, saying it would be an "absolute last resort". nzherald.co.nz/business/compa…

A UBS economist is wary of the fact all that Covid debt the Govt issued & the RBNZ bought is now effectively being taken on by offshore investors, as the Govt can't repay the debt My preview of Tue's HYEFU, updated bond issuance programme & budget preview nzherald.co.nz/business/econo…

Debanking debate gets political, but are banks right to ditch ‘dirty’ customers? A few thoughts... nzherald.co.nz/business/compa…