Full service aggregators will become more important than ever as brokers come to terms with the extent of the legislation, according to Australian Loan Company.
The company’s general manager Lesley Wood said most brokers would be looking for an aggregator that provides unparalleled support in the post-National Consumer Credit Protection Act (NCCP) environment.
Brokers will be looking for an aggregator that has already developed all needed consumer-facing documents required under the Act.
Ms Wood said Australian Loan Company was offering its broker partners policies and procedures manuals surrounding risk management, conflicts of interest, External Dispute Resolution Schemes (EDRS), comprehensive templates, legislated documents, industry news and updates.
“We pride ourselves on being an industry leader when it comes to compliance services; not only do we provide members with much-needed support in this heavily regulated environment but we are also saving them a huge amount of valuable time and money,” she said.
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