Category Archives: Uncategorized

The managing director of the Finance Brokers Association of Australia has provided some timely advice for the head of the Bendigo Bank – ‘focus on your own performance instead of attacking brokers’. Peter White said Bendigo Bank is wrong to … Continue reading →

The national peak body representing finance and mortgage brokers has warned both the Federal Government and Opposition that they would be betraying borrowers if they change the remuneration structure for brokers. Finance Brokers Association of Australia (FBAA) managing director Peter … Continue reading →

The national peak body representing finance and mortgage brokers says the royal commission has failed to understand the role of mortgage brokers and the competitiveness they bring to the market following its recommendations to eliminate trail commissions for brokers, which … Continue reading →

As the busiest time of the year looms for retail sales the peak body for finance brokers in Australia has warned that changes coming into effect on January 1 will impact credit card holders, and eventually anyone applying for a … Continue reading →

The Finance Brokers Association of Australia (FBAA) has revealed that the Australian Securities and Investments Commission (ASIC) has given finance brokers an early Christmas present with confirmation their credit representative licence fees have been reduced as a reward for the … Continue reading →

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 →

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 →

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 →

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 →

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 →