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Controversial switching campaign won't hurt brokers: Resimac

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Australian Broker | 28 Sep 2011, 07:00 AM Agree 0
A controversial group buying campaign conducted by consumer advocate Choice will not undermine brokers, one of its non-bank participants has claimed
  • Patrick | 29 Sep 2011, 11:13 AM Agree 0
    If ASIC allows this to proceed without a comprehensive audit to ensure that appropriate steps have been or will be taken to ensure that in each an every case, based on individual circumstances, the refinance loan "is not unsuitable" then they make a mockery of the whole purpose and intent of the NCCP legislation. That Choice as an independent watchdog for consumers is now irrelevant, as they are now a profit seeking commercial entity is a side issue. The central issue is COMPLIANCE.
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