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Compliance
Lender found to have charged prohibited fees
by Reporter • 15 Apr 2024
The Federal Court has found that the non-bank lender entered into more than half a million contracts that included a...
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Broking industry calls for re-accreditation simplification
by Annie Kane • 12 Apr 2024
Lenders are being urged to enable brokers to carry over their accreditations if they change aggregator or head group.
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Is mortgage protection ‘junk’ insurance?
by Annie Kane • 11 Apr 2024
Members of the industry have hit back at the mortgage protection insurance class action, suggesting it has a valuable...
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AFCA concerned about unresponsive lenders
by Charlotte Humphrys • 3 Apr 2024
More than half of hardship complaints were about lenders being unresponsive to hardship assistance requests, the...
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Digital ID Bill passes through Parliament
by Annie Kane • 2 Apr 2024
Banks will be able to apply to join the expanded digital identity system within two years, following the passage of...
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AFCA complaint volumes rising faster than 2023
by Charlotte Humphrys • 27 Mar 2024
The complaints organisation is ‘very concerned’ about complaint levels in 2024, which are already ahead of the same...
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New tax bill sets ‘dangerous precedent’, warns association
by Charlotte Humphrys • 26 Mar 2024
A controversial new bill that would tax unrealised capital gains in larger superannuation funds is being debated in...
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MFAA joins 2 government groups
by Adrian Suljanovic • 19 Mar 2024
The association has joined two government groups working on residential energy efficiency and vocational education and...
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Brokerage underpaying staff slammed with $99k penalty
by Adrian Suljanovic • 11 Mar 2024
The Fair Work Ombudsman has penalised a Melbourne-based mortgage broking business for payment contraventions.
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Over $5bn spent on financial crime reporting
by Reporter • 7 Mar 2024
An analytics platform has revealed the monetary impact of financial crime reporting in Australia.
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