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16 Jun 2024 13:40
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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.

    © 2024 Newstalk ZB, NZCity

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



     Today's News

    Law and Order:
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    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

    Law and Order:
    Police found 10,000 bones on Herbert Baumeister's Fox Hollow Farm. Decades later they continue to identify missing gay men 11:37

    Motoring:
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    Environment:
    Crocodile attacks in Indonesia have increased and experts say illegal tin mines are to blame 11:17


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