A blistering attack on mortgage broker pay from Australia’s major bank CEOs is self-serving and misleading, leading broking industry figures claim.
Anja Pannek, chief executive of broker group Mortgage Finance Association of Australia, said comments from Commonwealth Bank boss Matt Comyn were a “deflection” to head off criticism after he lifted long-standing caps on bonuses designed to protect borrowers against historical misconduct.
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
