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CBA tells banking royal commission mortgage broker customers pay more on their loans

The Commonwealth Bank has admitted to the banking royal commission there was a conflict of interest created by the commission payments that banks made to mortgage brokers.

CBA tells banking royal commission mortgage broker customers pay more on their loans
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On day three of proceedings the CBA's executive general manager of home buying, Daniel Huggins, told the commission's senior counsel, Rowena Orr QC "the larger the loan, the larger the upfront commission".

Read the full article on ABC Online.

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