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FMA to investigate mortgage advice sector
Wednesday 4th of September 2024
FMA chief executive Samantha Barrass told the FSC conference yesterday the regulator will be looking to do what it can in the months ahead to respond to the Commerce Commission’s banking report.
The key issue, she says, is around transparency in mortgage advice.
"The Minister and the Commerce Commission have clearly expressed concerns about practices in this space," she said.
"We will be looking to work with financial advice providers and firms across the mortgage spectrum to consider how to tackle this issue.
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