Category Archives: Uncategorized

FBAA leader elected as chair of global broker movement

The International Mortgage Brokers Federation (IMBF) has elected Peter White, the managing director of the Finance Brokers Association of Australia (FBAA), as its inaugural chair of their board of governors. Mr White continues in his role as the association’s managing … Continue reading

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FBAA welcomes interest rate cuts by big banks and calls on others to follow

The peak body representing Australia’s finance brokers has applauded the Commonwealth Bank of Australia (CBA) and Westpac for giving in to market pressures and reducing fixed interest rates for new borrowers. Managing director of the Finance Brokers Association of Australia … Continue reading

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FBAA tips budget boost to result in bank crackdown

The Finance Brokers Association of Australia (FBAA) has welcomed the budget funding commitment enabling ASIC and APRA to respond appropriately to the recommendations of the royal commission. FBAA managing director Peter White said it’s clear that a significant portion of … Continue reading

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Big banks urged to cut rates now

The peak body representing Australia’s finance brokers has urged the major banks to stop talking up the credit squeeze and start helping borrowers by cutting interest rates, thereby following the lead of smaller banks. Managing director of the Finance Brokers … Continue reading

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FBAA launches campaign to protect consumers

The Finance Brokers Association of Australia (FBAA) has stepped up it’s public campaign to protect the industry and ensure consumers continue to benefit from market competition and lower interest rates. FBAA managing director Peter White has been meeting regularly with … Continue reading

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Finance broker body issues cautious welcome of government backdown on trail commissions

The peak body representing Australia’s finance brokers has cautiously welcomed a decision by the Federal Government to backflip on its commitment to abolish trail commissions, which was one of the recommendations of the Hayne report from the banking royal commission. … Continue reading

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Mortgage broker peak body responds to Labor statement on broker reforms

The peak body representing mortgage brokers has welcomed Labor’s statement on reforms for brokers saying it will ease some of the mental health duress being felt throughout the nation. Finance Brokers Association of Australia managing director Peter White said the … Continue reading

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FBAA hits back at forum quitters

The Finance Brokers Association of Australia (FBAA) has hit out at “so-called consumer groups” for withdrawing from an industry forum at a time of great importance to the industry. FBAA managing director Peter White accused the quitters of a ‘huge … Continue reading

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Bendigo Bank urged to look in the mirror before throwing stones at brokers

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

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Mortgage brokers key to better consumer outcomes

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

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