Monthly Archives: May 2020

The Finance Brokers Association of Australia (FBAA) has put lenders on notice to eliminate “clubs” that favour brokers based on volume before BID comes into effect. FBAA managing director Peter White AM says lenders are still giving preferential treatment to … Continue reading →

The Finance brokers Association of Australia (FBAA) has called for standardised documentation around service level agreements to speed up loan discharges for borrowers wanting to change lenders. FBAA managing director Peter White AM says brokers are increasingly reporting that banks … Continue reading →

Borrowers lured into low fixed interest rates by banks “trying to buy business” may regret their decision unless they also carefully examine the variable rate product of the lender, according to the Finance Brokers Association of Australia (FBAA). FBAA managing … Continue reading →

The Finance Brokers Association of Australia (FBAA) says the decision by ASIC to defer the commencement date of the mortgage broker best interest duty (BID) and remuneration reforms was a welcome and necessary move. However FBAA managing director Peter White … Continue reading →