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With regards to the issue that "Discharge times need to be regulated", both Anja Pannek (MFAA) and Peter...
geoff@joslanfinance....4 Dec 2023
I wouldn't think we need to do a class action.... the Law is the Law and ASIC is supposed to be the watchdog and keep...
Phil1 Dec 2023
Let's hope that one month's upswing in residential building approvals continue as there is a lot of ground to catch up...
THERESEKEYNOTE@GMAIL...1 Dec 2023
Hey Phil, maybe brokers should launch a class action based on those laws? That would be interesting? Might never get to...
petles1 Dec 2023
Brokers consistently express frustration regarding clawbacks, and with good reason. This contractual provision is...
Phil1 Dec 2023
Very True Marty... Refer to my post in this thread on clawbacks breaching legislation in regard to Standard form...
Phil1 Dec 2023
I Agree Mike- refer to my comment below...
Phil1 Dec 2023
A further comment! Whilst upfront incentives to lure customers have come and gone, did any bank claw back those upfront...
This email address is being protected from spambots. You need JavaScript enabled to view it....1 Dec 2023
How would that work? How do you actually prove churn, let alone cancel an accreditation over it. Surely BID takes care...
AnonMB1 Dec 2023
Yes Adam, the size of the pie does not change, which also means the value of brokers' work does not change so if you...
This email address is being protected from spambots. You need JavaScript enabled to view it....1 Dec 2023
Another example of a bank rewriting history to suit their current agenda. Clawbacks originally were supposed to...
MikeC1 Dec 2023
The problem is the bank's pie keeps getting bigger and the broker's pie keeps getting smaller. So let's get real and...
petles30 Nov 2023
So - proprietory staff get paid less, if a loan is repaid/refinanced within 18 months?  I don't think so.  I think...
Gordona30 Nov 2023
As margins rise for banks in this environment and all the majors continue to make bigger profits the CEO of NAB...wants...
AnonMB30 Nov 2023
Ha Ha! While you and the other Banks make Billion Dollar Profits, can afford to pay cash backs? Do your in house...
glenn.rowan@finsure....30 Nov 2023
I hear Ross's comment & views around changing the current structure of abolishing clawback which is right as a...
srakheja30 Nov 2023
An alternative is to suspend or cancel broker accreditation for those that churn.  Have the good brokers sign consent...
greg@davieshomeloans...30 Nov 2023
Interesting considering they had no issue with giving away many thousands of refinance cash back bonus/payouts. I feel...
jameseaves@smartline...30 Nov 2023
I continually hear this argument of it costing the banks money through upfront commissions to put the loan on their...
This email address is being protected from spambots. You need JavaScript enabled to view it....30 Nov 2023
Expressing concern over the notion that advocating for the elimination of clawbacks would lead to reduced commissions...
Phil30 Nov 2023
I would think with a 98 NPS score and 70% + Broker usage in the broker sector we can confidently agree that the broker...
Marty Vidakovic30 Nov 2023
Ha, Ross, if you decide a career change, stand up comedian is probably the way to go for you mate..
david.dacosta@ratemo...30 Nov 2023
Here is the real question that Ross needs to answer whilst he spends his time deflecting away.  Essentially we all...
This email address is being protected from spambots. You need JavaScript enabled to view it.....30 Nov 2023
Statements around the comparison between renting and buying seem very irresponsible to me.  From time to time, we see...
Gordona29 Nov 2023
I've always been wary of AMP since they rewrote one of my loans internally and clawed back my commission. Clearly still...
izuman28 Nov 2023
JFTB here I’d say! 
bwire28 Nov 2023
AMP have a well-documented history for this type of action, bait and switch??? Where the problem can come in is under...
AnonMB28 Nov 2023
Adam, congrats on the new appointment, please don't tinker around the edges of CB's. If you really want to be the bank...
AnonMB21 Nov 2023
It is in the best interest of the customer to provide them a loan that will be approved, and is not unsuitable to their...
kris.may@mortgagecho...21 Nov 2023
Mackkiwi,- your comments are very insightful and true. I'll use some of your content when writing to Treasury about the...
Phil21 Nov 2023

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