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MFAA takes ASIC to task over credit variations

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Australian Broker | 10 Jan 2013, 07:03 AM Agree 0
The Mortgage and Finance Association of Australia is seeking ASIC's cooperation in order to simplify the credit variation process for brokers
  • Papery | 10 Jan 2013, 01:59 PM Agree 0
    I always thought
    Responsible Lending practices triggered as sooon as either the Broker or the client opens their mouths.

    Just sayin...
  • Keith of the west | 10 Jan 2013, 02:08 PM Agree 0
    Impossible compliance requirments...but just dont mention the word "independent" unless you are refunding all the commission
  • Aaron | 10 Jan 2013, 04:13 PM Agree 0
    Surely they arent suggesting a PCA etc is required for something a simple as a client wanting to switch a variable loan to fixed.
  • sidbroker | 15 Jan 2013, 08:04 AM Agree 0
    This simply another example of the world going mad at the hands of our own beauricasy. Does ASIC or for that matter The Gillard Govt. have any idea how difficult they have made the lives of we great Australains with the introduction of the unnessary regulation entitled NCCP. This legislation is a National Disgrace and thats all their is to say abouit it.
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