Reports show a 'substantial drop' in disciplinary matters against brokers in the past year.
The MFAA has told an inquiry into ASIC’s performance there is no evidence assertions of “systematic falsifications of details in loan applications” from brokers are true.
The president of an industry body says the recent slew of broker bans brought out by ASIC is not a reflection on members, despite past media hype sullying the industry’s name.
The MFAA has released guidelines for brokers to help with the transition to new privacy regulations as new credit reporting regulations are finalised.
The MFAA has heralded its support for a recent wave of ASIC bans
New privacy regulations remain decidedly vague as the government rushes to finalise guidelines before March.