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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
Fixed rate demand surges in April
Mortgage Choice has reported a significant increase in demand for fixed rate home loans over April as banks continue to lift variable rates out-of-cycle.
GROWTH • 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
Former director convicted over illegal SMSF scheme
A Melbourne man has pleaded guilty to an offence relating to a scheme that facilitated the illegal early release of superannuation funds through the creation of SMSFs.
COMPLIANCE • Sun, 07 May 2017
ASIC sounds alarm on dodgy debt firms
ASIC has cracked down on misleading advertising by debt resolution firms, which should serve as a warning to borrowers to be diligent when looking to engage with one.
COMPLIANCE • Sun, 07 May 2017