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Franchise head claims bank ownership debate is 'misreported'

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Australian Broker | 19 Sep 2014, 06:30 AM Agree 0
​The head of a major franchise has hosed down concerns that bank ownership of aggregators or franchises distorts mortgage brokers’ lender recommendations
  • MYRR | 19 Sep 2014, 09:01 AM Agree 0
    Not sure the same can be said of those aggregators whose commission structure is based on how much of the parent company's white lable product is sold - I still don't understand how ASIC & ACCC have not yet investigated this. It is a model set up to create bias rather than provide the most suitable product to the client.
  • Country Broker | 19 Sep 2014, 09:33 AM Agree 0
    Great Comments . I felt the commentary Made by the head of the small bank was simply misinformed and showed a lack of understanding of how brokers MUST work under the NCCP .
  • Martial Peter | 19 Sep 2014, 10:05 AM Agree 0
    To avoid false accusations, I suggest that all aggregators provide full disclosure on volumes received by the banks on their panel.
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