Federated Farmers asks ComCom to investigate rural lending
Rural advocacy group says it is seeing potentially cartel-like behaviour from banks around net-zero commitments.
Federated Farmers banking spokesperson Richard McIntyre.
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Federated Farmers has asked the Commerce Commission to undertake an urgent investigation into the lending practices of New Zealand banks.
The rural advocacy group has lodged a formal complaint with the regulator alleging “potentially anti-competitive, coordinated, cartel-like behaviour from the
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