Proposals are designed to pressure PM, but Labor says it’s ‘taking our time’ to consult on mortgage broker regulation

Labor has released three bills to crack down on dodgy banks and insurers, increasing political pressure on Scott Morrison and the crossbench to press ahead with the major recommendations of the Hayne royal commission.

But the opposition has an internal issue on the future regulation of mortgage brokers, with a discussion during Tuesday’s caucus meeting, spearheaded by the backbench MP Mike Freelander, about the importance of proceeding cautiously with the Hayne recommendation to implement a user-pays system.

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Read More Labor publishes three bills to tackle banks and insurers over royal commission

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