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16 Jun 2024 11:11
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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

     Other Business News
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     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 Hurricanes are confident their future is bright, despite the 30-19 Super Rugby semi-final loss to the Chiefs in Wellington 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

    Motoring:
    After back-to-back wins in street races, Shane van Gisbergen has crashed out in the latest NASCARS Xfinity race in Iowa 11:07

    Business:
    Auckland Transport's recommending customers catch rail replacement buses or regular buses as train services will be very limited today 11:07

    Rugby League:
    Warriors coach Andrew Webster has every confidence his halves pairing will click in coming weeks 10:47

    Law and Order:
    Police found 10,000 bones on Herbert Baumeister's Fox Hollow Farm. Decades later they continue to identify missing gay men 10:27

    Environment:
    The Hurricanes are confident their future is bright, despite the 30-19 Super Rugby semi-final loss to the Chiefs in Wellington 10:27

    International:
    Migrant families are using dubbed versions of Bluey to help maintain their kids' connection to their cultural heritage 10:17

    Cricket:
    England's playoff hopes at the T20 World Cup are still alive 10:07

    Rugby League:
    Melbourne coach Craig Bellamy has praised the Kiwis in the Storm set-up for inspiring the comeback that delivered a 38-24 win over the Warriors at Mt Smart 10:07

    Law and Order:
    Three people have been injured after police say a car was driven into a crowd in Auckland 9:27

    Law and Order:
    Police are searching new locations in Waikato for missing father Tom Phillips and his three children 7:57


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