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Financial Rights Legal Centre In The Media
Life insurance report lacks imagination in failing to look beyond commission sales

Media Release The life insurance industry’s initial response to a damning report which revealed 37 per cent of all life insurance advice provided by Australia’s financial services licensees failed to comply with the law[1] appears unlikely to bring about sufficient change in how the industry does business. ASIC Report 413 suggested that the industry’s heavy reliance on upfront commissions[2] can [ More ]

Comparator websites under regulator scrutiny

Katherine Lane is quoted in an article asking how comparison websites are genuine comparator sites and how many are steering consumers into products with which the owners of the websites have commercial arrangements? A report by the Australian Competition and Consumer Commission (ACCC) into comparator websites says it has found websites that are potentially misleading or deceiving consumers. “Comparator websites [ More ]

Brandis rewrites funding for community lawyers

Community legal centres around Australia may soon receive less funding from the Abbott government. Few people would realise that some of Australia’s most important legal protections for borrowers and investors have flowed from policy research and advocacy done by community legal centres. Dispute resolution schemes in the mortgage broking sector and the ban on home loan exit fees are just [ More ]

NSW Government told to curb its debt collector

The State Debt Recovery Office has been criticised for “cleaning out” the bank accounts of traffic fine defaulters, leaving vulnerable consumers with no money to meet the basic expenses of rent, food and transport. The use of garnishee orders by the State Debt Recovery Office – allowing money to be taken from a bank account to recover a debt – [ More ]

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