Author Archives: CRC Public Relations

FBAA welcomes ASIC report but dismisses “unsubstantiated” CHOICE claims

The Finance Brokers Association of Australia (FBAA) managing director Peter White today welcomed the release of the ASIC report, Looking for a mortgage: Consumer experiences and expectations in getting a home loan. “I’m really pleased with the outcome of this … Continue reading

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Choice exposes its lack of knowledge with broker training comments

Yet another attack on mortgage brokers from consumer group Choice should not only be dismissed outright, but reveals the groups disturbing lack of real understanding about the broking sector, according to the Finance Brokers Association of Australia (FBAA). FBAA managing … Continue reading

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Banks urged to respond more quickly to changing borrowing conditions and rates

The Finance Brokers Association of Australia (FBAA) has demanded banks take a more proactive stance in safeguarding the interests of borrowers, citing APRA’s latest guidance on assessment rates for loans as an example. FBAA managing director Peter White claimed many … Continue reading

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Finance broker association goes high-tech with global first App

A new era in technology has begun with the launch of a world first web application which promises to revolutionise the way finance brokers manage industry needs including applying for membership and managing renewals, credit and bankruptcy checks, insurance and … Continue reading

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FBAA urges borrower caution after second consecutive interest rate cut

The Finance Brokers Association of Australia (FBAA) has urged borrowers to think twice about their next move after benefiting from the second consecutive month of interest rate cuts by the Reserve Bank. FBAA managing director Peter White welcomed the rate … Continue reading

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FBAA advises brokers not to sign banks’ financial abuse declaration

The Finance Brokers Association of Australia (FBAA) has demanded that banks walk away from a new requirement that brokers sign a declaration stating they are unaware of borrowers suffering financial abuse, and have advised brokers not to sign any such … Continue reading

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New Australian CPD classes to future-proof broking businesses

Some of Australia’s most talented and successful finance practitioners are about to engage in a series of events aimed at helping brokers broaden their business approach to provide additional income opportunities. The 2019 Commercial Industry Masterclass will reveal the full … Continue reading

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Finance brokers association warns borrowers on interest rate cuts

The Finance Brokers Association of Australia (FBAA) has urged borrowers to keep their repayments at current levels despite the Reserve Bank of Australia’s move to cut rates by 25 basis points. FBAA managing director Peter White has welcomed the first … Continue reading

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FBAA welcomes new minister for financial services

The Finance Brokers Association of Australia (FBAA) has welcomed the appointment of Senator Jane Hume as financial services minister while thanking outgoing minister Stuart Robert for his courtesy, professionalism and commitment to the industry. FBAA managing director Peter White said … Continue reading

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Finance brokers welcome APRA rethink

The Finance Brokers Association of Australia (FBAA) has welcomed moves by the Australian Prudential Regulation Authority (APRA) to loosen its deemed serviceability requirements that have resulted in banks rejecting many reasonable loan applications. FBAA managing director Peter White said times have … Continue reading

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