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16 Jun 2024 14:18
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      Home > News > Business

    A tech bill will let consumers share data with service providers, with the aim of lowering prices

    A tech bill will let consumers share data with service providers, with the aim of lowering prices

    23 May 2024
    Banks, insurance, and power companies will be able to use consumer data, to compete with each other.

    Commerce and Consumer Affairs Minister Andrew Bayly says it could change the banking environment for consumers.

    He says Australia has similar laws, and banks there can offer loans in 10 minutes, simply through accessing customers' spending habits and income data.

    © 2024 Newstalk ZB, NZCity


     Other Business News
     16 Jun: Auckland Transport's recommending customers catch rail replacement buses or regular buses as train services will be very limited today
     15 Jun: Tough times for WorkSafe have been laid bare - in a newly released Cabinet paper
     14 Jun: Violent clashes in Buenos Aires as Argentina's President Javier Milei narrowly wins vote on radical economic reforms
     14 Jun: Experts say thousands of home owners face property value loss due to new flood modelling. In Melbourne, the process has begun
     14 Jun: Fruit and vegetable prices have dropped dramatically
     14 Jun: It keeps getting harder to find a job
     14 Jun: Ongoing industrial action is expected to affect those heading to tonight's Blues vs Brumbies Super Rugby semi-final at Auckland's Eden Park
     Top Stories

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    The Silver Ferns will travel to Perth later this year as part of netball's Constellation Cup series More...

    BUSINESS BUSINESS
    Auckland Transport's recommending customers catch rail replacement buses or regular buses as train services will be very limited today More...


     Today's News

    		 Swimming:
    US swimmer Gretchen Walsh breaks world record to put Australia on notice following Paris Olympics trials 14:17

     Cricket:
    A sluggish finish to their time with the bat, but Scotland's posted an imposing 180 for five 14:07

     Accident and Emergency:
    A motorcyclist's been airlifted to hospital in a critical condition following a crash in Aorangi, east of Feilding 13:47

     Law and Order:
    Police have launched a large search and rescue operation for missing Te Atatu woman, Monica Reid 13:27

     Living & Travel:
    Kate Middleton attends Trooping the Colour, making her first public appearance in months 13:07

     Politics:
    Eight Israeli soldiers and 19 Palestinians killed as fighting continues in Rafah 13:07

     Rugby:
    The Silver Ferns will travel to Perth later this year as part of netball's Constellation Cup series 13:07

     International:
    Punks among grassroot groups providing hope as millions struggle with hunger in Myanmar 12:47

     Environment:
    The upper North Island is in the firing line for more messy weather 12:27

     Rugby League:
    The Warriors are positive they can bounce back from a demoralising 38-24 defeat to Melbourne at Mt Smart...their 16th consecutive NRL loss to the Storm 11:57

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