Author Archives: CRC Public Relations

The Finance Brokers Association of Australia (FBAA) has welcomed today’s decision by the Reserve Bank of Australia (RBA) to pause interest rates but says it must find a way to lower rates as soon as possible. FBAA managing director Peter … Continue reading →

The Finance Brokers Association of Australia (FBAA) says while it welcomes yesterday’s decision by the Reserve Bank of Australia (RBA) to again keep interest rates at the current level, it is frustrated that practical steps that could help borrowers are not … Continue reading →

The managing director of the Finance Brokers Association of Australia (FBAA) has declared that the fight for fairness around clawbacks and other issues that adversely affect the industry will continue. Peter White AM also revealed that the FBAA has recently … Continue reading →

Australia’s finance minister the Hon Katy Gallagher MP visited the offices of the Finance Brokers Association of Australia (FBAA) last week to meet with the association’s national executive team. FBAA managing director Peter White AM said the meeting was an … Continue reading →

Fines and penalties for breaching regulations, including best interests duty (BID), have increased from July 1, 2023, and finance brokers should take note, the FBAA’s managing director Peter White AM has warned. Mr White said ASIC’s penalty unit value has … Continue reading →

The FBAA has announced it passed the 11,000 member mark at the end of the 2022-23 financial year. As the association celebrates its 30-year anniversary, the number of members as of June 30 was 11,044, representing a net growth of … Continue reading →

The managing director of the Finance Brokers Association of Australia (FBAA) says he is dumbfounded by Reserve Bank (RBA) governor Philip Lowe’s comments recommending that Australians cut back spending and find additional work to pay for increased mortgage repayments. “Clearly … Continue reading →

The Finance Brokers Association of Australia (FBAA) has called on the Federal Government and regulators to take decisive action – including cracking down on secretive bank practices – to ease the enormous financial and mental health pressures Australians are under … Continue reading →

Startling new figures tell the story of the real impact on Australians directly due to ten consecutive interest rate rises over the past year, and the effects are not just financial. Australia’s peak finance and mortgage broker body, the Finance … Continue reading →

The Finance Brokers Association of Australia (FBAA) has called on the Australian Prudential Regulation Authority (APRA) to reassess its decision to continue with a 3 per cent loan serviceability buffer for mortgages, as interest rates rise. The association said the … Continue reading →