Author Archives: CRC Public Relations

FBAA responds to interim royal commission findings

The Finance Brokers Association of Australia (FBAA) has lodged its response to the interim report of the royal commission into the banking, superannuation and financial services industry. The commission tabled its interim report on September 28, 2018 providing interested parties … Continue reading

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Borrowers beware on interest only loans

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

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International Mortgage Brokers Federation launched in Canada

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

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Brokers urged to check professional indemnity insurance cover

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

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FBAA disputes mortgage broker payments breach the NCCP

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

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FBAA and Peter White nominated for prestigious national awards

The Finance Brokers Association of Australia (FBAA) and long-serving executive director Peter White have been shortlisted as finalists in the prestigious Optus My Business Awards to be announced on November 9 in Sydney. Mr White has been nominated in the … Continue reading

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Mortgage broker support surges ahead of royal commission interim report

With the banking royal commission expected to release its interim report to the Federal Government tomorrow, research has revealed brokers are finding new levels of support at the expense of banks and their toxic culture. The peak body for finance … Continue reading

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FBAA calls for uniform accreditation for reverse mortgage writers

The Finance Brokers Association of Australia (FBAA) has called for the introduction of mandatory training and accreditation for anyone offering reverse mortgages to ensure borrowers receive the right advice and understand the long-term implications and opportunities. FBAA executive director Peter White … Continue reading

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FBAA to brief new treasurer and financial services minister

The Finance Brokers Association of Australia (FBAA) has made briefing the new treasurer and financial services minister a priority as the royal commission interim report deadline looms. Executive Director Peter White welcomed the appointment of Stuart Robert to the role … Continue reading

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Mortgage brokers ready for interest rate rises

The peak body representing Australian finance and mortgage brokers has pointed to a surprise hike in interest rates by Australia’s largest member-owned bank as a further reason for borrowers to look at more finance options. Finance Brokers Association of Australia … Continue reading

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