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BOQ mortgage book plunges as bank flags reduced broker reliance

Bank of Queensland has reported a major annual mortgage contraction while signalling plans to reduce its reliance on brokers as proprietary channels expand.

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Aggregators lash elevenfold jump in brokers’ CSLR special levy

Aggregator leaders have condemned the elevenfold increase in brokers’ CSLR special levy and are demanding urgent... READ MORE

Broker hit with hefty penalty for exploiting migrant workers

A Melbourne-based finance brokerage has been hit with a massive penalty after exploiting vulnerable workers, including... READ MORE

Household spending on mortgages reaches 3-decade high

New figures have revealed how deeply housing debt is cutting into incomes as repayment pressures... READ MORE

ASIC finds aggregators under-reporting complaints against brokers

The financial regulator has uncovered gaps in complaint reporting, which it said raised questions about the picture... READ MORE