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Social responsibility to be embedded in broking courses
by Reporter • 26 Nov 2018
A training and education firm has teamed up with a brokerage as it moves to redevelop the corporate social...READ MORE
Bank satisfaction continues downward spiral
by Reporter • 26 Nov 2018
The financial services royal commission has continued to drive a fall in bank satisfaction, according to the latest Roy... READ MORE
Mortgage Choice, AFG call out CBA ‘bullying’
by Charbel Kadib • 23 Nov 2018
The CEOs of Mortgage Choice and AFG have criticised Commonwealth Bank CEO Matt Comyn’s support for remuneration... READ MORE
Bank names new CEO - Nov 2018
by Reporter • 23 Nov 2018
A non-major bank will be promoting its current chief customer officer to CEO in April of next year.
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Bank CEO backs brokers and remuneration structure
by Annie Kane • 22 Nov 2018
The CEO of a non-major bank has told the financial services royal commission that brokers provide “genuine... READ MORE
RC suggests it is considering recommendation to ban trail
by Annie Kane • 22 Nov 2018
The senior counsel assisting the royal commission has suggested that the commission is looking to potentially... READ MORE
Westpac refutes remuneration drove car loan misconduct
by Annie Kane • 22 Nov 2018
The CEO of a big four bank has denied suggestions that remuneration arrangements contributed to a decision to approve... READ MORE
MFAA members elect 2 directors
by Annie Kane • 22 Nov 2018
The broker association has appointed two new directors to the MFAA board.
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Genworth renews LMI contract with NAB, appoints new CFO
by Reporter • 22 Nov 2018
The mortgage insurer has announced that it has renewed its lenders mortgage insurance contract with NAB’s third-party... READ MORE
Open letter to CBA CEO Matt Comyn
by Alex Whitlock • 21 Nov 2018
The director of mortgages at Momentum Media has written an open letter to the CEO of the Commonwealth Bank of... READ MORE
‘Does he take us for mugs?’: Aggregator head blasts Comyn
by Charbel Kadib • 21 Nov 2018
The head of a major aggregator has refuted claims made by CBA CEO Matt Comyn, and has issued a call to... READ MORE
FHBs drive slump in home loan aspirations
by Reporter • 21 Nov 2018
Fewer Australians plan to take out a home loan in the next 12 months, down by 17.7 per cent year-on-year, according to... READ MORE
Demand for margin lending on the rise
by Sarah Simpkins • 21 Nov 2018
Australian investors are increasingly leaning towards borrowing to finance online investments, as found by a report... READ MORE
Industry slams ‘self-serving’ CBA
by Charbel Kadib • 20 Nov 2018
The mortgage broking industry has responded to Commonwealth Bank CEO Matt Comyn’s “anti-competitive” expression... READ MORE
Incentives promote competition between bankers and brokers: CBA
by Tas Bindi • 20 Nov 2018
Abolishing financial incentives for frontline staff has created an “unlevel playing field” between frontline bank... READ MORE
Building society to rebrand under regional bank
by Reporter • 20 Nov 2018
The Rock, a building society that was bought by a Tasmania-based banking group in 2011, is to rebrand from next... READ MORE
Major bank reaffirms commitment to broker channel
by Reporter • 20 Nov 2018
A big four bank has said that it’s “absolutely” committed to the broker channel, stating that “customers are... READ MORE
Major bank CEO backs fees-for-service model
by Charbel Kadib • 19 Nov 2018
The CEO of a big four bank has expressed support for a “consumer pays” model in the broking industry, which he... READ MORE
‘Concerned’ borrowers turning to fixed rates
by Reporter • 19 Nov 2018
Mortgage holders are increasingly opting for fixed rates amid out-of-cycle variable interest rate rises, according to... READ MORE
Better Business Summit agenda revealed
by Reporter • 19 Nov 2018
The agenda for the Better Business Summit 2019 has been announced, with brokers set to hear from a host of... READ MORE
ASIC reveals its view on new ‘best interests’ duty for brokers
by Annie Kane • 16 Nov 2018
The financial services regulator supports the introduction of a “best interests” duty for brokers, a senior manager... READ MORE
‘Best interest’ duty a ‘bad outcome’ for consumers: HashChing
by Annie Kane • 16 Nov 2018
Introducing a “best interests” duty for brokers would have the unintended consequence of reducing competition and... READ MORE
AFCA to herald ‘a new era of good faith’ after RC
by Tas Bindi • 16 Nov 2018
AFCA’s mission is to herald “a new era of good faith in financial services”, the chair said, especially after the... READ MORE
FBAA announces 2019 state leaders
by Reporter • 16 Nov 2018
The broking industry association has named its state presidents and councillors for the coming year.
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Real estate director to oversee mortgage brokerage
by Annie Kane • 16 Nov 2018
Real estate franchise group Harcourts International has announced that its new international chief operating officer... READ MORE
Lender cracks down on savings verification
by Reporter • 15 Nov 2018
A lender has updated its credit policy to require brokers to explain the source of their clients’ “genuine... READ MORE
Major bank announces commission structure changes
by Annie Kane • 14 Nov 2018
A big four bank has announced that it is to change broker commissions from next week, becoming the penultimate major... READ MORE
Government launches $2bn fund for SME lenders
by Annie Kane • 14 Nov 2018
The federal government has announced a new $2 billion Australian Business Securitisation Fund to help provide... READ MORE
Flat commissions could eliminate ‘lender choice conflicts’: AFG
by Charbel Kadib • 14 Nov 2018
Legislating for the provision of standardised commissions could help eliminate conflicts that encourage lenders to use... READ MORE
Regionals rally behind brokers in RC response
by Charbel Kadib • 14 Nov 2018
Australia’s regional banks have urged the financial services royal commission to consider the potential... READ MORE
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