Powered by MOMENTUM MEDIA
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.

New legislation should encompass ?inextricably linked? credit products: FBAA

Staff Reporter 1 minute read

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

Advertisement
Advertisement
New legislation should encompass ?inextricably linked? credit products: FBAA
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
fingerprint VOI rule changes postponed due to COVID

ARNECC has advised that it has reassessed its proposed amendments...

approval stamp documents ta Bank automates pre-approval process

A non-major lender has announced changes to its pre-approval proc...

2017 08 20 Foreign buyers struggle to secure mortgage

Foreign buyers from all parts of Asia are still finding it diffic...

FROM THE WEB