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Credit ombudsman supports royal commission into banks
The chief executive of the Credit and Investments Ombudsman has supported calls for a royal commission into the major banks after the government’s decision to merge two ...
LENDER • Thu, 11 May 2017
FBAA reacts to budget, warns over rates hikes
The industry association has warned that a new $6.2 billion levy over four years on the top five banks contained in the federal budget could backfire on borrowers if the ...
BROKER • Wed, 10 May 2017
Major brokerage boss dismisses fed budget
The CEO of one of Australia’s largest mortgage groups has described the 2017 federal budget as “ineffective” and slammed the government’s efforts to improve housing ...
BROKER • Wed, 10 May 2017
Major bank CEO has ‘no issue’ with brokers
Amid growing concerns about the future of broker remuneration, the chief executive of a major bank has explained how the third-party channel fits into the group’s overall ...
BROKER • Tue, 09 May 2017
Aggregator has ‘serious concerns’ about commission reforms
The head of a boutique aggregation group has slammed a number of recommendations made by Stephen Sedgwick on remuneration and believes one particular proposal ...
AGGREGATOR • Mon, 08 May 2017
Banks to work with broking industry on commission changes
The CEO of Australia’s largest brokerage is confident that the banks will consult with the third-party channel before making any decisions around broker remuneration.
LENDER • Sun, 07 May 2017
Firstmac party finds new home at FBAA
The infamous Firstmac afterparty — responsible for many a sore head at industry functions over the years — has decided to cut ties with the MFAA and move the ...
BROKER • Thu, 04 May 2017
Third-party veteran questions ‘integrity’ of Sedgwick review
While confident that ASIC’s review into broker remuneration will be beneficial for the third-party channel, the head of one of Australia's largest brokerages has serious ...
COMPLIANCE • Wed, 03 May 2017
Kolenda tells borrowers to bargain with banks
Finsure boss John Kolenda has urged mortgage holders to negotiate a better deal with their bank as out-of-cycle rate rises continue to plague the market.
BORROWER • Wed, 03 May 2017