Article Archive
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.
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.
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.
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.
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.
11th September 2008 - BANKSâ predatory lending practices are continuing to drive competition out of the marketplace with plans to slash commissions to finance brokers. The Finance Brokersâ Association of Australia (FBAA) will hold an-Australia first meeting of regional brokers in Orange next week.
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.
30th June 2008 - The Finance Brokers Association of Australia (FBAA) is encouraged by the progress made at a Government roundtable held last week to harness industry views on the NSW Office of Fair Trading draft exposure Bill to regulate the industry.
11th June 2008 - The Finance Brokers Association of Australia (FBAA) welcomes the Federal Governmentâs move to regulate the financial services sector and calls on the Rudd Government to broaden the scope of its regulation to include other forms of credit.
27th May 2008 - With Australian banks moving to cut commissions, the Finance Brokers Association of Australia (FBAA) believes brokers are being unjustly targeted to carry the burden of the âcredit crunchâ.
