Four questions about mortgages the ACCC inquiry should put to the big four banks

/ LOANSCAPE/
Four questions about mortgages the ACCC inquiry should put to the big four banks

The Australian Competition and Consumer Commission conducted an inquiry into mortgage pricing as recently as last year.

Now Treasurer Josh Frydenberg has asked it to do another, broader one, in order to ensure the banks’ pricing practices are “better understood”, and perhaps also to concentrate their minds on the wisdom of fully passing on the next collection of rate cuts.

There’s a lot to better understand.

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Are Trailing Commissions Money for Nothing?

/ LOANSCAPE/
Are Trailing Commissions Money for Nothing?

In what has been described as “an opportunistic attempt to to reduce competition in the Australian mortgage market”, CBA CEO Matt Comyn has disingenuously led the Royal Commission Into Financial Services Industry to form the view that Mortgage Brokers are paid trailing commissions, but not required to do any work to receive them.

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