Banks are being called on to step up their game, following revelations potentially illegal loan structures are being promoted to investors.
The insurance industry has called for increasing transparency around Lenders’ Mortgage Insurance, after complaints to the Credit Ombudsman tripled in the past year.
At Australian Broker, we love a bit of healthy discussion, which is why we honour our favourite comment each week with a lofty little title. Drum roll please...
This year COSL received three times as many complaints about LMIs compared to previous years, and one industry association is calling for "major reforms".
The heads of the key industry bodies are confident that ex-CBA boss David Murray is the right person to lead the biggest inquiry into the financial system in the best part of two decades.
A South Australian broker pleaded guilty yesterday to stealing $170,000 from a client - but what makes members of an overall honest industry go shady?