Kiwibank will stop selling credit card insurance on April 1. Kiwibank will stop selling controversial credit card repayment insurance from April 1​. On Friday, ANZ in New Zealand was fined $280,000 for misrepresenting credit card repayment insurance to some customers. Criticism of credit card repayment insurance was more muted in New Zealand than in Australia. Stacy Squires/Stuff The big four banks all stopped selling credit card insurance in 2018 and 2019.

Source: Stuff March 06, 2021 02:15 UTC