Responsible Lending update: ASIC more open to rethinking 'Responsible Lending Read more
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ASIC has opened consultation on the much-awaited revision of Regulatory Guide 209. It is believed that banks have been quite instrumental in finally forcing ASIC's hand. In short, the industry wants more direction and less prosecution.
This ha...
Like the entire mortgage broking industry, the QED team was aghast at the recommendations of the RC on 4 February.
We have contributed enough to the outcry and anguish regarding the proposed changes to broker remuneration. If you are reading this, y...
• News • Liam Brown
2018 was a rough year for lending, but brokers have been able to successfully leverage their expertise to increase market share to 59.1% amid 40% rejection rates. Jump start your business' compliance with QED Risk Services today!
• News • Greg Ashe
QED Risk Services has noted recent commentary stating that the Household Expenditure Measure (HEM) is "likely to be abandoned". Not only did QED see this one coming once we read the first few words of the announcement about Westpac, we completely...
• News • QED Admin
ASIC Fleecing Brokers Again
You should by now be aware that the ASIC Credit Licensing Fee structure is about to change fairly dramatically on 1st July 2018, with some elements being passed on to Credit Reps.
In Janua...
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