NZ First MP introduces bill to prevent banks from debanking clients
Monday 10 February 2025 · 2 outlets · 2 reports · updated In this story Winston Peters, ACT Party, NZ First, Kiwibank, BNZ, Gloriavale Christian Community
NZ First MP Andy Foster has introduced a bill to the member’s ballot to stop banks from withdrawing services for social or environmental reasons. The proposed legislation aims to prevent banks from refusing service to clients unless they are breaking the law. If passed, the bill could include fines of up to $500,000.