Do brokers need to disclose commission from lenders to their customers?
The recent Court of Appeal judgment (Wood v Commercial First Business. March 2021) appears to make it much more likely that a loan will be rescinded in cases where a broker was paid a commission by a lender, which was not disclosed to the borrower.
In a one hour webcast David Betteley will be interviewing an expert panel to discuss the implications for brokers and their funders as they consider whether or not to change long established business practice.
- Understand the real implications of the case.
- Fifteen minute briefing from Jo Davis, co-founder, Auxillias on Wood v Commercial First Business.
- Assess the experts views in a 45 minute moderated discussion lead by David Betteley.
All delegate questions will be answered by our panel – either during or after this event.
Topics to be discussed will include:
- The likely future implication for lenders and brokers as they seek to reduce risk, treat their customers fairly and stay competitive
- How lenders and brokers perspectives vary, and the experts' views on the best way forward
- Advice from equipment finance associations including the NACFB and FLA