Category Archives: Uncategorized

The Finance Brokers Association of Australia (FBAA) has welcomed news of increased scrutiny on the big banks and their behaviour when setting interest rates for mortgage products. The Australian Financial Review reported on Wednesday that the Australian Competition & Consumer … Continue reading →

A call to scrap all mortgage broker commissions has been criticised by the Finance Brokers Association of Australia (FBAA) which says consumer groups making the suggestion have no regard for the competitive position and incredible value proposition that brokers bring … Continue reading →

Reports that ASIC’s remuneration review is an opportunity for finance and mortgage brokers to self-regulate have been strongly criticised as being way off the mark by the Finance Brokers Association of Australia (FBAA). Executive director Peter White said the industry … Continue reading →

The nation’s peak body for finance and mortgage brokers says ongoing speculation on the Reserve Bank’s likelihood of increasing official interest rates is causing instability in the market. The Finance Brokers Association of Australia (FBAA) says if rates are going … Continue reading →

The new Australian Financial Complaints Authority (AFCA) being planned by the federal government will be good for consumers, according to the peak body representing Australia’s finance brokers, the Finance Brokers Association of Australia (FBAA). The formation of AFCA has been … Continue reading →

A suggestion by the Finance Sector Union (FSU) to restructure brokers’ incomes is flawed, according to the Finance Brokers Association of Australia (FBAA). The union believes there should be a universal income structure for bank employed mortgage salespeople and external … Continue reading →

A new $6.2 billion levy over four years on the top five banks contained in the federal budget has been cautiously welcomed by the Finance Brokers Association of Australia (FBAA), but it warns the decision could backfire on borrowers if … Continue reading →

Australia’s peak body representing finance brokers has urged borrowers to avoid choosing a mortgage based on incentives offered by lenders, as it could lead to unsuitable loans. Executive director of the Finance Brokers Association of Australia (FBAA) Peter White, says … Continue reading →

Global research by the Finance Brokers Association of Australia (FBAA) has shown that Australia is the only country in the world where clawbacks exist. The research was conducted by the FBAA as part of its submission to the Australian Securities … Continue reading →

The Finance Brokers Association of Australia (FBAA) believes the three-month period set aside for submissions on the Australian Securities and Investments Commission (ASIC) report into mortgage broker home loan remuneration is far too long. Interested parties have until June 30, … Continue reading →