Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Growth

Greens champion exit fee reforms

3 minute read
The Adviser

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.

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits