A new bill that would allow consumers to share their data with companies hopes to give people more power.

The Consumer and Product Data Bill has been introduced to Parliament.

It aims to prevent scams and encourage competition in banking, insurance, and telecommunications companies.

Commerce and Consumer Affairs Minister Andrew Bayly told Mike Hosking that it would be the start of open banking in New Zealand.

He says over time it will drive competition and lower prices for people.

LISTEN ABOVE

A new bill that would allow consumers to share their data with companies hopes to give people more power. 
The Consumer and Product Data Bill has been introduced to Parliament. 
It aims to prevent scams and encourage competition in banking, insurance, and telecommunications companies. 
Commerce and Consumer Affairs Minister Andrew Bayly told Mike Hosking that it would be the start of open banking in New Zealand. 
He says over time it will drive competition and lower prices for people. 
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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