RBA walking along interest rate tightrope, says Finsure
Central bank in danger of destroying consumer confidence
Source: brokernews.com.au
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Central bank in danger of destroying consumer confidence
What does it mean for industry?
The Reserve Bank has aligned with industry expectations and raised the cash rate, but brokers have been told to watch for how lenders respond.
Clawbacks are no longer relevant according to the aggregator, with its chief warning the practice is at odds with best interests duty regulations.
Non-bank lender, broker aggregator say clawbacks unnecessary