Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Greens champion exit fee reforms

Staff Reporter 1 minute read

Staff Reporter

Sick of government inaction, the Greens are seeking to put a two year ban on banks lifting their home loan interest rates out of cycle with the RBA.

According to The Australian Financial Review, the Greens would also like to force Australia’s lenders to introduce a fair price variable interest rate mortgage product.

Greens MP Adam Bandit said the changes to legislation would prevent banks from excessively lifting mortgage rates outside the RBA and increase competition among the major and independent banks.

Greens champion exit fee reforms
default
TheAdviser logo
default

 

more from the adviser
WLTH team Neolender CEO reveals broker plans

The co-founder and CEO of new mortgage lender WLTH has revealed i...

tech tool data Business loans to be included in CDR from 1 Nov

The ACCC has revealed examples of the types of business loans tha...

clock Lenders’ turnaround times slowest in three years

The time it takes from loan submission to approval surpassed 25 d...

FROM THE WEB