Gloriavale submits to regulator post BNZ judgment

Gloriavale has raised the issue of banks choosing to segment out 'undesirable' customers. (Image: NZME)

Fri, 22 Sep 2023

West Coast religious community Gloriavale is warning about the powers of banks to segment their customers into 'desirable' and 'undesirable' users.Last year, BNZ tried to end a 40-year banking relationship with the community after the bank determined Gloriavale wasn’t compliant with its human rights policy.The decision was made in the wake of a highly-publicised employment court judgment that found three men who left the community had been employed by various Gloriavale entities from the age of six. The presiding judg...

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