ALP say they will implement Hayne’s recommendations in full. Public opinion errs on some, so ALP decide against full implementation. I guess that’s what Bowenchris meant by “in principle”
Where is the big mouth treasurer
Common sense prevails. The mortgage brokers keep the banks loan rates down. Without them the banks would charge whatever they felt like.
Why? A lot of crooks in that industry. Need to be brought to account and punished suitably..
meanwhile it was OK for the Libs and Labor to pass legislation allowing confiscation of peoples deposits in banks?
HYPOCRITES
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Labor vows to ‘name and shame’ the big banks | Sky News AustraliaAustralian Financial Review’s John Kehoe says Labor is planning to increase scrutiny over the big four banks in the wake of the Hayne royal commission.\n\nLabor has announced additional accountability measures for the banking sector, with the big four banks being compelled to report to parliament every six months on their progress in addressing the cultural problems revealed in the banking royal commission.\n\nThe opposition will also establish an implementation committee within the Treasury department to ensure the recommendations from the banking royal commission are being carried out.\n\nCommissioner Kenneth Hayne delivered 76 recommendations in his final report, one of which was the abolition of commissions for mortgage brokers and greater oversight powers for regulators.\n\nMr Kehoe told Sky News Labor’s plan to ‘name and shame’ banks will play well with the electorate in the lead up to the federal election.\n\n\n\n pollietracker Go figure a new day and SKY is at Labor again for it's billionaire puppet masters. pollietracker Why is it important? No reason clients can't approach their bank directly in applying for a mortgage. pollietracker Read SKYs articles on twitter everyone attacks Labor pretty much. What does that tell you about the diversity and informed news you get from SKY? Or is it just brainwashing at the hands of a billionaire owner at SKY?
Source: SkyNewsAust - 🏆 7. / 78 Read more »