Article Archive

Response to the article "Non-bank lenders fail to pass on interest rate cuts"

22nd October 2008 - I write in regard to Andrew Chesterton's article in last weekend's Sunday Telegraph (19 October 2008), Non-bank lenders fail to pass on interest rate cuts.

Credit card rates should be next on Rudd’s agenda, says peak body

22nd October 2008 - Finance and mortgage broker peak body, the Finance Brokers Association of Australia (FBAA), believes the Rudd government need to look at the exorbitant interest rates banks charge on credit cards if it’s serious about assisting struggling households in this uncertain economic environment.

An Evening with FBAA President Peter White

20th October 2008 - Steven Simm from 99.3 FM interviews FBAA President Peter White on 14th October 2008. They cover the recent ecnomic problems and how that effects borrowers. Listen to the interview.

Rate cut should apply to long overlooked credit cards

7th October 2008 - The Finance Brokers Association of Australia (FBAA) believes banks need to look beyond mortgages when passing on interest rate relief to struggling households and also focus on personal finance products such as credit cards.

New Measures for Australian Financial Services

3rd October 2008 - The Rudd Government will crack down on dodgy mortgage dealers and payday lenders under a $71 million action plan to modernise Australian financial services. Other predatory lending practices, including unsolicited offers to extend credit card limits, could be targeted in the second phase of the four-year overhaul of consumer credit laws.

Customer identity verification now online through Deloitte's AMLcheck

29th September 2008 - Finance brokers and financial planners will be able to further address their contractual obligations to check customer identities through a new electronic verification application available at the leading secure online anti-money laundering (AML) and counter terrorism financing (CTF) compliance tool, Deloitte's AMLcheck.

Notice of Special General Meeting

25th September 2008 - Notice is hereby given that an extraordinary meeting of Members of the Finance Brokers Association of Australia Limited will be held at Unit 3 - 31 Thompson Street, Bowen Hills, Queensland. 4006 on Thursday the 16th October 2008 at 10.30am E.S.T.

FBAA President, Peter White's response to concerns expressed by some Brokers...

16th September 2008 - In response to concerns expressed by some brokers as to the steps taken by industry bodies to tackle the recent commission cuts, FBAA President, Peter White urges brokers to contact him with potential solutions.

Brokers bank on better business

11th September 2008 - BANKS’ predatory lending practices are continuing to drive competition out of the marketplace with plans to slash commissions to finance brokers. The Finance Brokers’ Association of Australia (FBAA) will hold an-Australia first meeting of regional brokers in Orange next week.

AUSTRAC releases views on AML and finance brokers

11th September 2008 - The Australian Transaction Reports and Analysis Centre (AUSTRAC) has published an information sheet on its interpretation of the anti-money laundering (AML) obligations of finance brokers.