Posts Tagged mortgage exit fees
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Removing exit fees not the answer says Mortgage Choice chief
NEWS Removing exit fees on mortgages will damage competition and result in lenders simply shifting fees says Michael Russell, chief executive officer of broker Mortgage Choice. "The issue around removing exit fees is one the Government needs to tread carefully on," says Russell. He argues most...
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ASIC’s activity report
The powers of the nation's most extensive financial regulator have just expanded, as has its clout... BY DAVID JACOBSON Did you know that ASIC monitors online, print, TV and radio ads as well as seminars promoting financial products? The information ASIC gathers is included in its researc...
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Exit stage left
As ASIC consults with the industry on how it should enforce tougher rules targeting mortgage exit fees under new unfair contract laws, how worried are the lenders? BY ELTON CANE The Australian Securities and Investments Commission released a paper on June 27 consulting the industry on how it ...
