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NAB stands by DEF ban

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Australian Broker | 17 Jun 2011, 04:00 AM Agree 0
NAB has defended the government's controversial exit fee ban, saying it will promote competition rather than curtailing it
  • Broker Tony | 17 Jun 2011, 11:12 AM Agree 0
    NAB are absolutely correct and it surprises me they didn't eliminate their exit fees years ago when it was apparent to everybody else that these were inhibiting competition. Hopefully they will really get serious now and waive the rest of their fees as that will be really good for competition and even better for their clients.
  • StPeter | 17 Jun 2011, 11:46 AM Agree 0
    And we can trust one of the big4???
  • positivebroker | 17 Jun 2011, 01:33 PM Agree 0
    Please everybody, look beyond the individual agenda pushed by the big 4. The ONLY way to increase competition is to ensure the smaller lenders can survive. DEFs are a legitimate part of that.
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