A finance broker has been ordered to pay over $20,000 in penalties for misleading representations.
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.
At Australian Broker, we love a bit of healthy discussion. It was the three-year ban imposed on a Sydney broker that had readers talking this week.
The MFAA has heralded its support for a recent wave of ASIC bans
ASIC has stated the number of credit providers it's had to take action against is "unacceptably high" after banning a Sydney mortgage broker
Here are the stories that shaped 2013 and made it a watershed year for the mortgage broking industry