Author Archives: CRC Public Relations

Brokers across Australia prepare for BID this week

Finance and mortgage brokers across the country will be taking part in a series of important training days this week as the industry counts down to January 1, 2021 when the Best Interests Duty (BID) will come into force. From … Continue reading

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Government’s lending overhaul welcomed by finance brokers

The peak body representing Australia’s finance brokers has called for bipartisan support for the Federal Government’s announced changes to lending regulations. Hailing the announcement as a move that will stimulate the industry and the economy at large, the Finance Brokers … Continue reading

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Clawback fight continues – FBAA

The Federal Government’s regulations around mortgage broking, which were registered on the Federal Register of Legislation this week posed nothing new, according to the Finance Brokers Association of Australia (FBAA). FBAA managing director Peter White AM said there has been … Continue reading

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FBAA – R U OK Day? event more vital than ever

The Finance Brokers Association of Australia (FBAA) will host its annual Get Broker FIT – R U OK? Day 2020 event on Thursday September 10 – but this year it will be digital. With 2020 bringing more challenges than most … Continue reading

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Clive Kirkpatrick appointed to FBAA board

The Finance Brokers Association of Australia (FBAA) has announced the appointment of Clive Kirkpatrick as an appointed director to the association’s board, effective immediately. Managing Director Peter White AM said Mr Kirkpatrick was “an extremely well known, respected and solid … Continue reading

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Farcical for banks to be sending loan documents by mail in 2020

The Finance Brokers Association of Australia (FBAA) has backed a call from finance and mortgage brokers who want all banks to move to digital documents. FBAA managing director Peter White AM said that in the year 2020 there is no … Continue reading

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Mortgage broker chief says borrowers should have an “honest conversation” about their mortgage affordability

The head of Australia’s finance and mortgage broker peak body has welcomed the Federal Government’s extension of stimulus packages but has also urged borrowers on a bank payment holiday to prepare for payments to restart. Managing director of the Finance … Continue reading

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FBAA Industry Commercial Masterclass Week goes digital!

For the third year in a row, the Finance Brokers Association of Australia (FBAA) will hold its highly anticipated Industry Commercial Masterclass Week – but due to COVID-19, all seminars will be digital. Following an opening address by the minister for … Continue reading

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Brokers must work with FHLDS borrowers to finalise tax return quickly

With new placements opening for the First Home Loan Deposit Scheme (FHLDS) on July 1, the Finance Brokers Association of Australia (FBAA) has urged brokers to contact potential borrowers now to take advantage of the limited numbers. FBAA managing director … Continue reading

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Volume based incentives by stealth must end now

The Finance Brokers Association of Australia (FBAA) has put lenders on notice to eliminate “clubs” that favour brokers based on volume before BID comes into effect. FBAA managing director Peter White AM says lenders are still giving preferential treatment to … Continue reading

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