The tool will be compulsory for brokers and will ensure clients fully understand the financial effects of interest only repayments
The purchase of the small-ticket asset-backed finance firm will see the company change hands for the first time in almost 20 years
The Reserve Bank has acknowledged the broking community for boosting competition, transparency and consumer outcomes
The industry association has slammed the point of sale vendor introducer exemption as “bad public and competition policy”
The broker industry has undergone a raft of changes in the last five years, and brokers and banks need to work together to ensure customers receive the best possible service, says NAB head of broker distribution Steve Kane.
A top NAB exec has taken a swipe at the bank's competitors for “aggressive” tactics designed to gain market share.
Following a Melbourne broker’s ban for failing to verify documents, lenders and aggregators have been called on to help brokers meet ASIC requirements.
Multiple brands, misleading advertising and clawback provisions are stifling competition in the industry and causing confusion amongst consumers, says the former CEO of a broker association.
ASIC chairman Greg Medcraft is meeting with industry groups to spruik the idea of a business levy to help fund the regulator.
The RBA looks set to keep interest rates at record lows for the foreseeable future following minutes from its most recent board meeting.