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15 Feb 2025 10:10
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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


    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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
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     15 Feb: South Waikato's council is aiming to promote growth in the area despite the ceasing of paper production at Tokoroa's Kinleith Mill
     14 Feb: Weighing up first home buyers' incentives and if they're right for you
     14 Feb: Confirmation, Kinleith Mill at Tokoroa will permanently end paper production from June
     14 Feb: Each of us is forecast - on average - to be nearly 13-thousand dollars out of pocket, thanks to the current recession
     14 Feb: It could be too little too late when it comes to encouraging a third supermarket to New Zealand
     13 Feb: A consumer action group wants immediate changes to the supermarket sector
     Top Stories

    RUGBY RUGBY
    The Highlanders are lamenting a lack of ruthlessness after losing their opening Super Rugby Pacific match at the death, 37-36 to the Waratahs in Sydney More...


    BUSINESS BUSINESS
    'Energy prices could and should be lower', but are retailers profiteering? More...



     Today's News

    Cricket:
    Black Caps fast bowler Ben Sears has been ruled out of next week's Champions Trophy with a hamstring injury 9:56

    Health & Safety:
    Calls for the Government to push forward with funded health checks for intellectually disabled people - now it's got the research to back it 9:26

    Cricket:
    The Auckland Aces have moved to the top of cricket's Ford Trophy ladder after a 71-run win over last-placed Northern Districts at Eden Park's outer oval 9:16

    International:
    Three Israeli hostages to be released from Gaza on Saturday named 9:06

    Rugby:
    The Highlanders are lamenting a lack of ruthlessness after losing their opening Super Rugby Pacific match at the death, 37-36 to the Waratahs in Sydney 8:26

    Motoring:
    The Wellington Phoenix are ruing a lack of execution in the box in the wake of their 1-nil A-League defeat by the Melbourne Victory away 8:16

    Business:
    'Energy prices could and should be lower', but are retailers profiteering? 8:06

    Business:
    South Waikato's council is aiming to promote growth in the area despite the ceasing of paper production at Tokoroa's Kinleith Mill 8:06

    Law and Order:
    Inside the Qatari royal family's legal battle over The Idol's Eye diamond, worth more than $27 million 7:56

    Cricket:
    The Black Caps will head into cricket's Champions Trophy off the back of an unbeaten run in the Tri Series, trumping Pakistan by five wickets in the decider in Karachi 7:56


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