Scoop has an Ethical Paywall
Co-operative Bank Approved for Banking Ombudsman Scheme
MEDIA RELEASE
26 October, 2011
Co-operative Bank Approved as Member of Banking Ombudsman Scheme
The Office of the Banking Ombudsman has today announced that The Co-operative Bank has been approved as a member of the Banking Ombudsman Scheme.
“Now that the former PSIS has been granted a banking licence, it has chosen to join the Banking Ombudsman Scheme”, Banking Ombudsman Deborah Battell said.
“Membership is not automatic, however. To be eligible to join the Banking Ombudsman Scheme, financial service providers must have a minimum independent credit rating of BB, and must be able to demonstrate a strong customer ethic, including high quality handling of complaints”.
“The Co-operative Bank achieved this and we are delighted to have the Bank on board.”
“We have also recently welcomed The Bank of India, and we are looking forward to working with both banks in our quest to continually raise banking standards in New Zealand and ensure that all customers get a fair hearing,” Ms Battell added.
ENDS
Financial Markets Authority: Westpac Admits To Misleading Representations That Resulted In $6.35m In Overcharges
Bill Bennett: Download Weekly - Review Of 2024
Bill Bennett: One NZ scores worldwide first as Starlink direct-to-mobile launches
Hugh Grant: How To Reduce Network Bottlenecks
Dominion Road Business Association: Auckland Transport's 'Bus To The Mall' Campaign: A Misuse Of Public Funds And A Blow To Local Businesses
Parrot Analytics: A Very Parrot Analytics Christmas, 2024 Edition
