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Brokerage boss slams ‘rubbish’ budget, ‘lazy’ politicians
The head of a mortgage broking and financial planning group believes that the 2018 Federal Budget will be spent on “rubbish” rather than creating economic growth in key ...
BROKER • Wed, 09 May 2018
Opinion: Scrutiny, regulation and the looming credit crunch
I’ve said before that the next downturn will, ironically, be triggered by regulation. Recent developments show that this could soon play out.
COMPLIANCE • Thu, 03 May 2018
Bank scandals to impact mortgage lending: RBA
Reserve Bank governor Philip Lowe has warned that the recent public scrutiny of the banks will lead to even tighter lending policies and a rise in rates.
LENDER • Wed, 02 May 2018
Bank chairman steps down as scandals unfold
The chair of a non-major lender has stepped down from the board just one week after the bank lost its CEO after the royal commission heard widespread evidence of ...
LENDER • Sun, 29 Apr 2018
Opinion: APRA’s actions will reduce borrowing power
The banking regulator has swapped one lending curb for another as Australia’s lending crackdown continues. But new debt-to-income curbs could see many priced out of the ...
BORROWER • Thu, 26 Apr 2018
Major brokerage calls for remuneration reform
One of the nation’s largest brokerages has called for a number of reforms to broker commissions and clawbacks and believes that a registry for “bad brokers” should also ...
BROKER • Mon, 23 Apr 2018
Compliance costs ‘should be on us’, says aggregator
The CEO of a boutique aggregator has confirmed that the group will not be passing on compliance costs to its members.
AGGREGATOR • Sun, 22 Apr 2018
Major aggregator announces asset finance partnership
Connective has entered into a strategic partnership with an established asset finance aggregator that supports 20 brokerages.
AGGREGATOR • Fri, 20 Apr 2018
Opinion: Will brokers pay the price for increased scrutiny?
Aggregators are under pressure to monitor their members more closely and dedicate more resources to compliance, which comes at a price. But will brokers ultimately foot ...
BROKER • Wed, 18 Apr 2018