Changes to loan discharge fees?

[vbplease]

Hi guys,

I just got an email from MECU stating that they're reducing their loan discharge fee (or deferred establishment fee) to a flat rate of $250 effective 1st April.

Do you know if other lenders are following suit?
Was this brought on by a new guberment ruling?

 

[Evachange]

As far as I understand it a DEF is not the same as a discharge fee, but occur at the same time, ie loan is paid out or refinanced.

 

[Ausprop]

the govt has done nothing to help borrowers, just made the situation accutely worse. so no, nothing to do with govt changes.