The credit representative was previously banned permanently after breaching his agreement as a referrer
With regulatory change almost inevitable following multiple industry reviews, the aggregator has said it will stand by its members
The announced changes only affect owner occupier loans that are greater than $200,000
The personal loan provider has signed up several brokers with the goal being to bring in 40% of its acquisitions via the third party channel
The MFAA has heralded its support for a recent wave of ASIC bans
ASIC has stated the number of credit providers it's had to take action against is "unacceptably high" after banning a Sydney mortgage broker
A major aggregator has kicked off the new year with two new appointments and a promise of increased support for brokers.
In a further signal of competition amongst the big four, a major bank has cut its three year fixed rate for brokers.
The latest inflation figures point to interest rates remaining at their current all-time low for the foreseeable future, say analysts.
Economy-wide spending finished strongly in 2013, with December recording a 0.9 per cent rise in sales.