Author Archives: CRC Public Relations

Research shows interest rate rises dividing us into “haves and have nots”

Startling new research has shown that while many Australian borrowers are struggling under the pressure of steep interest rate rises, others are taking advantage of the rate increases to invest in property. The ‘Consumer Access to Mortgages 2023 report’ by … Continue reading

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Huge step forward for commercial and asset finance brokers

In a groundbreaking move, the Finance Brokers Association of Australia (FBAA) has announced the appointment of its first national commercial and asset manager, heralding a new era for commercial and asset brokers. Renee Tocco, a highly respected and experienced finance … Continue reading

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New research proves RBA governor has no idea of interest rate impacts

Only days after the governor of the Reserve Bank (RBA) told a conference in Hong Kong that Australian households are “in a pretty good position”, new research highlights the worsening financial position of many Australians as they battle with rising … Continue reading

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FBAA appoints first chief development officer

The Finance Brokers Association of Australia (FBAA) has created the new senior executive role of chief development officer (CDO) to place a greater emphasis on growth and member services. Joanna James will commence in the role later this month and … Continue reading

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Interest rate pause not enough – RBA must focus on reducing rates

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

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Inaction making it worse for borrowers struggling with interest rate pressure

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

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“Our efforts are starting to pay off – and we won’t give up” – FBAA

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

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Federal minister for finance visits FBAA for policy discussions

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

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FBAA warns of increased ASIC fines

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

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FBAA hits record membership number

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

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