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Financial Rights Legal Centre In The Media
Still no insurance premium reminders for Australian consumers

UK takes a step toward better disclosure while Australia lags Daniel Graham, Choice Magazine What did you pay last year? General insurance customers in the United Kingdom will be reminded of last year’s premiums on their renewal notices, under a proposal by the country’s financial regulator. The move by the Financial Conduct Authority (FCA) aims to tackle low levels of [ More ]


Dodgy financial firms refusing to pay $17 million owed to their victims

Esther Han, Consumer Affairs Editor, The Age For the past week, Rowena Lagana has struggled with the pain from her back injury because she couldn’t afford to buy painkillers. She was relying on payments from a debt management firm, which last year the Financial Ombudsman Service found had drawn up an “unconscionable” contract. The firm, Clickthru, was ordered to pay [ More ]


New research shows struggling Australians suffering while the payday lending sector booms: Consumer groups

Consumer groups have cautioned policy makers not to fall for payday lending spin as new research from Digital Finance Analytics (DFA) shows the devastating impact of the industry on Australians struggling to make ends meet. Consumer Action Law Centre, Good Shepherd Microfinance and Financial Rights Legal Centre commissioned the report from DFA and found that nearly 30% of borrowers surveyed [ More ]


Payday loan mountain to top $1 billion as irresponsible lending skyrockets

Frank Chung, news.com.au ONLINE payday lenders like Nimble and Money3 have led to an explosion in short-term loans to Australians in financial distress, with the industry now on track to pass $1 billion for the first time in 2018. New analysis by research firm Digital Finance Analytics has revealed a rapid rise in the pace of lending over the past five [ More ]



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