Author Archives: CRC Public Relations

Finance broking peak body welcomes ACCC bank inquiry

The Finance Brokers Association of Australia (FBAA) has welcomed the Federal Government’s announcement of an inquiry by the competition watchdog into the refusal by banks to pass on interest rate cuts in full to customers. FBAA managing director Peter White … Continue reading

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Finance industry peak body responds to RBA rate cut

“Banks must immediately pass on these savings and the reduction of interest rate in full.” “Banks should not be using this decrease as a mechanism to ‘buy new business’. In the past existing borrowers have waited weeks and months for … Continue reading

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Call for Australian Banking Association to have independent chair

The head of Australia’s peak body representing finance brokers has called for the Australian Banking Association (ABA) to appoint an independent chair to help restore public and industry trust in the banking sector. The ABA recently announced CEO of the … Continue reading

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First national industry conference following royal commission looks to future

With the roller coaster ride that was the banking royal commission now in the past, Australia’s largest annual conference for finance and mortgage brokers will be held on November 8 at one of the country’s premier theme parks, with the … Continue reading

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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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