Monthly Archives: October 2018

With reports that almost one million Australian homeowners’ interest-only repayment arrangements will expire from January, the national peak body representing finance brokers says it’s a timely reminder for borrowers to know what they are getting when signing up in the first … Continue reading →

A world-first international federation of mortgage brokers has been launched in Canada with the Finance Brokers Association of Australia (FBAA) playing a pivotal role. The International Mortgage Brokers Federation (IMBF) is an initiative of the Canadian Mortgage Brokers Association (CMBA) … Continue reading →

The Finance Brokers Association of Australia (FBAA) has warned brokers to review their professional indemnity (PI) insurance in response to an increase in award limits to be introduced by the Australian Financial Complaints Authority (AFCA). In May the minister for … Continue reading →

The Finance Brokers Association of Australia (FBAA) has rejected claims in the royal commission interim report that lenders paying value-based upfront and trail commissions could be in breach of section 47(1)(b) of the National Consumer Credit Protection Act (NCCP). FBAA executive director Peter … Continue reading →