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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... READ MORE

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. READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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. READ MORE

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. READ MORE