Brokers Warned of Widespread False Advertising

The Mortgage & Finance Association of Australia (MFAA) has warned brokers of making false home loan advertisements that are invalidated by fine print, a practice that has become widespread in the industry.

The MFAA tribunal has expressed concern over the growing number of false advertisements and called upon brokers to be fair and accurate in disclosing their products and services. Clients are called upon to be extra vigilant and are urged to check with a certified financial planner to verify the authenticity of broker claims.

Read more about this on the Adviser website.