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$7.8m penalties for three small financial firms

$7.8m penalties for three small financial firms
by Staff reporter • 16 Feb 2018
Penalties totalling $7.8 million have been issued to three related businesses for numerous breaches of consumer...READ MORE
Better Business Awards 2018

QLD brokers honoured at Better Business Awards 2018
by • 16 Feb 2018
The top brokers, brokerages, lender BDMs and loan administrators in Queensland have been honoured at The Adviser’s... READ MORE
APRA

‘APRA cannot be all care and no responsibility’, warns brokerage...
by • 16 Feb 2018
The managing director of a leading brokerage has called on APRA to ensure that any new macro-prudential measures... READ MORE
andrew barr chief minister act first home buyers housing afforability

FHB grants ‘make housing less affordable’, says ACT Chief Minister
by • 16 Feb 2018
The Chief Minister of the Australian Capital Territory has called for the abolition of stamp duty for first home buyers... READ MORE
Email scam

Email scam warning for Vic home buyers
by • 16 Feb 2018
Consumer Affairs Victoria has warned home buyers that it has received reports of a possible scam targeting them, with... READ MORE
Suncorp’s profits fall as loan book thickens

Suncorp’s profits fall as loan book thickens
by • 15 Feb 2018
Suncorp Bank has recorded a profit loss in the first half of the 2018 financial year, down by 16 per cent from the... READ MORE
CBA, Commonwealth Bank

CBA may not reaccredit brokers with ACLs
by • 15 Feb 2018
Commonwealth Bank has confirmed that brokers, whether new to the industry or otherwise, who hold a direct ACL may... READ MORE
conflict of interest

Vertical integration creates ‘conflict of interest’ for brokers:...
by • 14 Feb 2018
Brokers that process loans through lender-owned aggregators could be facing conflicts of interest, according to the... READ MORE
CCR requirements will backfire on borrowers

CCR requirements will backfire on borrowers: FBAA
by • 14 Feb 2018
An industry association has warned that there’s “no chance in hell” the new comprehensive credit reporting... READ MORE

Royal commission updates online form
by • 14 Feb 2018
Following an article in The Adviser highlighting a “major flaw” in the online form for the Royal Commission into... READ MORE
Broker warns of ‘major flaw’ in royal commission form

Broker warns of ‘major flaw’ in royal commission form
by • 14 Feb 2018
The figures cited by the initial hearing of the Royal Commission into Misconduct in the Banking, Superannuation and... READ MORE
Royal commission points to big bank dominance

Royal commission points to big bank dominance
by Tim Stewart and Tas Bindi • 13 Feb 2018
The royal commission into banking has released its first publication, laying out the market dominance of Australia’s... READ MORE
warning sign on businessman face warning issued shadow shopper scam

Warning issued over shadow shopper scam
by • 13 Feb 2018
The Australian Securities and Investments Commission has warned the public to be wary of scammers claiming to... READ MORE
La Trobe Financial FUM surpasses $5bn milestone

La Trobe Financial FUM surpasses $5bn milestone
by • 13 Feb 2018
The non-bank lender has revealed that its retail credit fund has tripled its funds under management over the last three... READ MORE

Bank refocuses on brokers following ‘teething problems’
by • 13 Feb 2018
A non-major bank has stated its intent to generate “more growth” from the third-party channel, despite experiencing... READ MORE
Loan Market records 35% growth

Loan Market records 35% growth
by • 13 Feb 2018
December 2017 and January 2018 marked Loan Market’s months with biggest ever settlement since the group’s... READ MORE

Investors should be renegotiating rates, says Aussie broker

by • 12 Feb 2018
Now is the time for property investors to renegotiate their rates and improve their cash flow, according to Aussie... READ MORE
Magnifying glass, reporting

1 in 10 submissions to royal commission relate to brokers
by • 12 Feb 2018
The initial hearing of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services... READ MORE

Banks to waive NDAs in royal commission
by Annie Kane and Killian Plastow • 9 Feb 2018
Australia’s four major banks have announced that they won’t enforce confidentiality obligations or non-disclosure... READ MORE
Brokers urged to take cautious approach to tech

Brokers urged to take a cautious approach to tech
by • 9 Feb 2018
The managing director of a leading brokerage has advised the industry to take caution before investing in technology,... READ MORE
Adelaide Bank clarifies serviceability calculator changes

Adelaide Bank clarifies serviceability calculator changes
by Staff reporter • 9 Feb 2018
The regional bank has clarified that its changes to serviceability calculations will only apply to new loan... READ MORE

CCR a ‘game-changer’ for mortgages
by • 9 Feb 2018
The draft legislation for mandatory comprehensive credit reporting has been released, with the Treasurer saying... READ MORE
AMP

AMP adds billions to book despite ‘intense’ mortgage market
by • 8 Feb 2018
The non-major lender has attributed strong growth in owner-occupied lending to the $2.3 billion worth of mortgages it... READ MORE
Competition

Make ASIC a ‘champion for competition’: PC
by • 8 Feb 2018
The Productivity Commission's damning report about the lack of competition within Australia’s financial system is... READ MORE
Slam, boxing, fight

Association heads slam Productivity Commission findings
by • 8 Feb 2018
The MFAA and FBAA have both blasted the Productivity Commission’s draft report into competition in the financial... READ MORE
CBA

CBA broker flows continue to fall
by • 7 Feb 2018
The major bank’s half-year results show that the group is driving more new mortgage originations through its... READ MORE

Productivity Commission looks at swathe of broker changes
by • 7 Feb 2018
Broker remuneration, legal standards for brokers and aggregators, disclosure requirements and transparency are just... READ MORE

Calls to revise ‘not unsuitable’ standard
by evan • 7 Feb 2018
The two heads of the broker associations have backed the Consumer Action Law Centre’s call for mortgage brokers “to... READ MORE
Tech won’t make brokers obsolete

Tech won’t make brokers obsolete, says futurist
by • 7 Feb 2018
The finance industry’s adoption of technology will not diminish the value of services provided by brokers, according... READ MORE
Brokerage boss joins fund raising campaign

Brokerage boss joins fund-raising campaign
by • 6 Feb 2018
The chairman of a major brokerage has joined a campaign alongside business and government leaders to raise funds to... READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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