Mortgage brokers must disclose kickbacks - 2004-01-20
Mortgage brokers will be required to disclose kickbacks received from lenders they recommend to customers under legislation which will come into effect this year.
A decision by mortgage broker Mortgage Choice to drop the Commonwealth Bank from its list of lenders - because the bank refused to pay a $200,000 sponsorship for a national conference - has prompted consumer groups to call for a ban on so-called "soft dollar commissions".
Read the full story at Sydney Morning Herald