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.

MFAA responds to green paper: federal regulation required

Staff Reporter 1 minute read

Non-bank lenders and brokers will recommend that the federal government take over the regulation of all credit products and a new corporate regulator establish a licence for the credit industry, The Australian Financial Review reported today.

Advertisement
Advertisement
The recommendations will be part of a submission made by the MFAA in response to the federal government’s recently launched green paper, which suggested that lending products like personal loans and credit cards be regulated on a state-by-state basis.

“We support federal regulation of all credit products,” MFAA chief executive Phil Naylor told the daily.

Published: 23-06-08

MFAA responds to green paper: federal regulation required
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
court gavel ta Court rules against bank for ‘unfair’ loan terms

The Federal Court has declared a number of loan contracts entered...

APRA RBA ta RBA, APRA sing different tune on serviceability buffers

APRA chair Wayne Byres has dismissed the need for a cut to the bu...

loanapplication Remodelled FHB scheme cops backlash

From 1 July, all applications for the FHLDS will require a Notice...

FROM THE WEB