Get notifications in real-time for staying up to date with content that matters to you.
The FBAA yesterday called on the Federal government to broaden the scope of its proposed financial services sector legislation.
While the association welcomed the proposed legislation it urged the government to encapsulate other credit products in the regulatory reform, such as credit cards and personal loans, to improve consumers’ financial well-being.
“Today these types of products are inextricably linked to a household’s mortgage and overall financial well-being,” Peter White, FBAA national president, said.
Mr White said it made sense to have all forms of debt regulated under the “one roof” and said it would not only result in better consumer protection, it would also ease regulation costs for both the government and industry.
11-06-08
Who do you aggregate through?
Thank you for your vote, you can see the results here.
VOI rule changes postponed due to COVID
ARNECC has advised that it has reassessed its proposed amendments...
Bank automates pre-approval process
A non-major lender has announced changes to its pre-approval proc...
Foreign buyers struggle to secure mortgage
Foreign buyers from all parts of Asia are still finding it diffic...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of The Adviser.
Receive breaking news direct to your inbox each day
