FBAA president Peter White has promised disciplinary action against a former NSW President and existing member who was found by ASIC to have acted unconscionably
The Federal Court has found two finance broking companies owned by a former NSW president of the FBAA engaged in unconscionable and misleading conduct
ING Direct and Mortgage Choice policies on compulsory MFAA membership stand in stark contrast, on the back of an ACCC review of the arrangements
The ACCC is seeking consultation on lender requirements that brokers be MFAA members, asking industry stakeholders if the requirements are beneficial or detrimental to consumers
The FBAA is set to launch a new 'co-operative' platform designed to bring onboard a "raft of financial services" for the benefit of members, but which will also be available to the broader market.
Despite a reduction in commissions, top performing brokers are still outperforming their counterparts in the banking sector when it comes to remuneration, latest salary figures suggest.