In a bid to turn public opinion in the wake of the Hayne royal commission, the mortgage broking industry is planning a nationwide advertising blitz pushing the "competition benefits" to customers and the economy of brokers unfettered by any further, tighter, regulation. The Sydney Morning Herald reports the ad campaign will warn that new regulations would result in a further increase in market power for the Big Four banks. New Zealand banks have had to pay compensation or take some other "remediation activity" to over half a million Kiwi customers after "recent" errors, reports Stuff. The information was revealed in an official information request to the FMA. In the report of the review the regulator undertook with the RBNZ, it said there had been "more than 50" recent big bank errors". The OIA request reveals the number of recent errors leading to "remediation" by banks was 58, with 566,378 customers affected. The vast majority were due to processing errors which led