This is edition 2025/63 of the Ten@10 newsletter.
Welcome back. It's 2025 and 20 years since I started writing about politics and anything else that took my fancy. Thank to my VIP members for making this site what it is today. In July we will be having a 20th birthday celebration. Stay tuned for more announcements.
This is the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.
Enjoy!
1. Banking lobbyists 1, Justice 0
Bryce Edwards
- 💼 Banks in New Zealand, backed by powerful lobbyists, are benefiting from new retrospective legislation aimed at shielding ANZ and ASB from a significant class action lawsuit.
- 🏦 The Government's amendment to the Credit Contracts and Consumer Finance Act (CCCFA) could prevent over 150,000 mortgage holders from receiving compensation for errors by ANZ and ASB dating back to 2015.
- 🚫 Critics argue the change, influenced by behind-the-scenes lobbying, undermines consumer rights and favors corporate interests.
- 📜 Legal experts warn that retroactive laws erode the rule of law by changing liabilities after lawsuits are filed, setting a concerning precedent.
- 🌐 Public trust in democratic processes is at risk, with accusations of legislation tailored to benefit powerful industries over ordinary citizens.
