Cooking The Books

Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s the changes coming from open banking law changes, and a Commerce Commission investigation. Hosted by Frances Cook. • Check out Frances Cook’s new money course, Money Made Simple, at francescook.co.nz, for a masterclass on everything from setting goals, creating a spending plan that works, mastering debt, beginning to invest, and understanding your KiwiSaver. Your bank account is a fairly central part of your money life, and it’s currently undergoing changes from many different angles. The Commerce Commission is investigating whether our big banks are overcharging, and whether there’s enough competition. There are problems with fraud and scams, and questions over whether the banks are doing enough to stop it happening. And there is change underway for open banking, to let you take control of your own data, and use your banking information to help your financial life run more smoothly. It’s a lot,