Author Archives: CRC Public Relations

Clawback fight continues – FBAA

The Federal Government’s regulations around mortgage broking, which were registered on the Federal Register of Legislation this week posed nothing new, according to the Finance Brokers Association of Australia (FBAA). FBAA managing director Peter White AM said there has been … Continue reading

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FBAA – R U OK Day? event more vital than ever

The Finance Brokers Association of Australia (FBAA) will host its annual Get Broker FIT – R U OK? Day 2020 event on Thursday September 10 – but this year it will be digital. With 2020 bringing more challenges than most … Continue reading

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Clive Kirkpatrick appointed to FBAA board

The Finance Brokers Association of Australia (FBAA) has announced the appointment of Clive Kirkpatrick as an appointed director to the association’s board, effective immediately. Managing Director Peter White AM said Mr Kirkpatrick was “an extremely well known, respected and solid … Continue reading

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Farcical for banks to be sending loan documents by mail in 2020

The Finance Brokers Association of Australia (FBAA) has backed a call from finance and mortgage brokers who want all banks to move to digital documents. FBAA managing director Peter White AM said that in the year 2020 there is no … Continue reading

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Mortgage broker chief says borrowers should have an “honest conversation” about their mortgage affordability

The head of Australia’s finance and mortgage broker peak body has welcomed the Federal Government’s extension of stimulus packages but has also urged borrowers on a bank payment holiday to prepare for payments to restart. Managing director of the Finance … Continue reading

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FBAA Industry Commercial Masterclass Week goes digital!

For the third year in a row, the Finance Brokers Association of Australia (FBAA) will hold its highly anticipated Industry Commercial Masterclass Week – but due to COVID-19, all seminars will be digital. Following an opening address by the minister for … Continue reading

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Brokers must work with FHLDS borrowers to finalise tax return quickly

With new placements opening for the First Home Loan Deposit Scheme (FHLDS) on July 1, the Finance Brokers Association of Australia (FBAA) has urged brokers to contact potential borrowers now to take advantage of the limited numbers. FBAA managing director … Continue reading

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Volume based incentives by stealth must end now

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

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FBAA slams bank delays on loan discharges

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

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Borrowers must be warned of fixed interest rate “trap”

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

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