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21 Jun 2024 18:10
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      Home > News > Politics

    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.

    © 2024 Newstalk ZB, NZCity

     Other Politics News
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     21 Jun: Auckland Police are on the lookout for an alleged million dollar fraudster
     21 Jun: An expected but unconfirmed Pharmac funding boost could come as a lifeline to our sinking drug system
     20 Jun: Former Health New Zealand Chair Rob Campbell is backing a petition for an independent Patient Safety Commissioner
     20 Jun: Australia to provide $2 million in extra funding to assist with PNG's landslide recovery
     20 Jun: Dutton goes nuclear, proposing seven government-owned generators with the first starting in 2030s
     20 Jun: The Government's keeping possible changes to the electric vehicle scheme on the down-low
     Top Stories

    RUGBY RUGBY
    He may have left nearly 1000 caps of experience out of his playing squad for the Olympics, but All Blacks Sevens coach Tomasi Cama believes old heads will still be vital in Paris More...

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    Resource management is always political – the Fast-track Approvals Bill is just honest about it More...


     Today's News

    		 Cricket:
    Australia have won their Super Eights T-20 World Cup cricket match against Bangladesh by 28 runs, under the Duckworth-Lewis-Stern method 18:07

     Soccer:
    The All Whites are two from two at the OFC Nations Cup after a comprehensive 4-nil win over Vanuatu 18:07

     Entertainment:
    Halle Berry brought a touch of Hollywood glamour to the Olympic torch relay by carrying the flame along the streets of Cannes 17:46

     General:
    Olympic gold medallists Phillip Wilson and Dan Williamson have finally been named as the men's pair in the New Zealand Rowing team for next month's Games 17:27

     Entertainment:
    Travis Kelce loves to make homemade shrimp linguine for girlfriend Taylor Swift 17:16

     Rugby:
    He may have left nearly 1000 caps of experience out of his playing squad for the Olympics, but All Blacks Sevens coach Tomasi Cama believes old heads will still be vital in Paris 16:57

     Law and Order:
    A stark warning young children should never be left unsupervised in child restraints -- no matter how long 16:47

     Entertainment:
    Sarah Ferguson has shut down rumours she could re-marry Prince Andrew 16:46

     International:
    There are ways to garden with a bad back. Here's what a physiotherapist recommends 16:27

     Environment:
    Amid scorching heat, 900 people died this week in Saudi Arabia. Climate change has made the Hajj pilgrimage more risky 16:17

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