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MFAA Prosper : Mortgage and Finance Brief 05
Campaign cut through MFAA has been testing awareness of its new consumer campaign and is pleased to report that 86% of members are across the initiatives and 56% of members are already using the new MFAA Approved Broker logo in their marketing efforts. Traffic to the consumer website was up by 200% in the first stages of the campaign, with more time being spent on the site once visitors entered. Visits to the corporate website are up by 29% and growing. Take a look for yourself! Visit www.mfaa.com.au To find out more visit www.mfaa.com.au or call 1300 554 817 Legal and compliance updates MFAA supports commercial finance members Awards launch When you next hit the MFAA website, download our updated templates for: • Credit representation -- scope of authority and termination forms • Referrer exemption guidelines; and • Referral Agreement. You must be a member to log on in. While there, take a look at the new webcasts which could also be of use in all things compliance: Vicki Grey, partner at Gadens Lawyers talks about what you need to know regarding referrals and Jon Denovan of Gadens and MFAA's Calvert Duffy discuss the compliance toolkit. Visit www.mfaa.com.au and click on 'Member Centre'. MFAA has responded to a Green Paper from Federal Treasury on behalf of its 1,000+ equipment and commercial finance members, stating there is no evidence that any legislative reform is required in relation to the provision of credit to small businesses. MFAA's submission to Treasury is a result of the association's ongoing response to the National Consumer Credit Protection (NCCP) Act, which came into effect on 1 July. "The NCCP Act legislates against irresponsible lending practices, particularly in relation to the residential sector, where there has been some evidence of poor lending practices at the margin," said Phil Naylor, CEO of MFAA. "However when it comes to lenders and brokers of small business credit, there has been no such evidence ... We are concerned regulation would restrict the availability of credit to small businesses, which would be of significant detriment." Are you a commercial finance broker? Have your say on this issue. Call MFAA on 1300 554 817 or email firstname.lastname@example.org Nominations are now open for the 2011 MFAA Excellence Awards.There are four individual categories and 11 company categories to choose from across all areas of the mortgage and finance industry. Visit www. mfaaexcellenceawards. com.au to nominate yourself, a colleague or your company. Guy Underwood, CEO of RISQ Group delivers a presentation on fraud The MFAA home page, featuring the consumer campaign's 'Sign here' motif. Mortgage & Finance brief | 7 MFAA News
Mortgage and Finance Brief 06