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ASIC more open to rethinking 'Responsible Lending'

ASIC News

ASIC more open to rethinking 'Responsible Lending'

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...

What to make of the Hayne Royal Commission

ASIC News

What to make of the Hayne Royal Commission

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...

ASIC 'secret shopping' Mortgage Brokers

ASIC NewsGreg Ashe

ASIC 'secret shopping' Mortgage Brokers

Press reports yesterday (The Australian, 22/1/18) have stated that ASIC is about to embark on a programme of "secret shopping" of banks and mortgage brokers to investigate responsible lending practices.

Typically, this work is conducted through thir...

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