Breaking News

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. READ MORE
Appointment

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
Conflict

‘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
Loan

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
Increasing arrow

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
Boxing gloves

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
Competition

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
Handshake

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

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 month. READ MORE
CBA

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
Fixed rates

‘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

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
fbaa conference in queensland asic best interest duty broker industry

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
Financial service

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 leaders broking industry finance brokers association of australia councillors 2019

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. READ MORE
Property, mortgage house

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
Magnifying glass and AUstralian money

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
AFG Building

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