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Opponents say ComCom’s ‘gutless retreat’ means banks can mis-sell swaps and new products

“The ink is barely dry on settlements and the banks are at it again,” a campaigner says of new derivatives.

Jamie Ball
Mon, 11 May 2015

Former farmer Janette Walker, credited with initiating both the Commerce Commission and the FMA’s inquiries into banks’ mis-sold interest rate swaps to 256 rural customers, says at least one bank “is at it again.”

And Labour’s primary industries spokesman Damien O’Connor says “there is real risk

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Jamie Ball
Mon, 11 May 2015
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Opponents say ComCom’s ‘gutless retreat’ means banks can mis-sell swaps and new products
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