Media Release: Harvey-Norman And Latitude Case Alleging Misleading ‘Interest-Free’ Credit Card Promotions Welcomed By Consumer Advocates
No ratings yet. Consumer Action, Financial Rights Legal Centre and CHOICE have welcomed the Australian Securities and Investments Commission’s (ASIC) commencing legal action against Latitude Finance Australia and Harvey Norman Holdings for misleading interest free advertising in relation to credit cards promoted in Harvey Norman stores. Community lawyers and financial counsellors have assisted many clients […]
Media Release: Consumer And Social Service Groups Welcome Community Consultation On Removing Buy-Now-Pay-Later And Other Credit Loopholes
No ratings yet. Key consumer and social service groups are welcoming the Federal Government’s announcement that the process of introducing better safeguards for buy now pay later (BNPL) and other credit products has now begun. This morning the Assistant Treasurer and Minister for Financial Services, Stephen Jones, has told participants at a conference that the […]
Media Release: Government’s Commitment To Regulate Buy Now Pay Later Products Welcomed
No ratings yet. Key consumer and community groups are welcoming comments by the new Minister for Financial Services, Stephen Jones, that the Government will move to regulate buy now pay later (BNPL). Minister Jones made the comments in The Guardian, saying, “let’s start working on regulating [them] within the credit space.” Financial Counselling Australia (FCA), […]
Insurers are failing consumers with shoddy data practices
No ratings yet. The insurance industry could be relying on erroneous or misleading information concerning consumers and their claims history when quoting, assessing new claims or setting premiums, a damning report commissioned by Financial Rights has found. The report Privacy Practices in General Insurance by Roger Clarke and Nigel Waters examined the data access and […]
Financial Rights welcomes Australian Government’s funding commitment for the Insurance Law Service
No ratings yet. The Financial Rights Legal Centre welcomes the Australian Government’s 2022-2023 Budget commitment of $2.5 million over two years for the centre’s Insurance Law Service. Financial Rights Legal Centre Chief Executive Officer Karen Cox said the funding came at a critical time as without it the Insurance Law Service would struggle to remain […]
Media release: Aboriginal Community Benefit Fund Pty Ltd No. 2 Pty Ltd (Youpla) in liquidation
No ratings yet. Aboriginal and Torres Strait Islander people who have funeral insurance policies with Aboriginal Community Benefit Fund No. 2 Pty Ltd should contact Mob Strong Debt Help on Facebook and our webpage. More than 3,400 of Aboriginal and Torres Strait Islander people have lost their funeral insurance policies after it was announced that […]
Time to finally end the harm done by Cigno loans
Consumer groups and financial counsellors are urging the Australian Securities and Investments Commission (ASIC) to act now to put an end to the use of harmful lending models used to charge excessive fees on top of short-term loans.
MEDIA RELEASE: Consumer advocates welcome recommendation for stricter controls of credit funded gambling online
Consumer advocates welcome recommendation for stricter controls of credit funded gambling online
Governments and insurers should enable the pre-filling of Australians’ driving records and insurance claims histories
No ratings yet. Governments should work with the general insurance sector to enable the pre-filling of Australians’ driving records and insurance claims history information required for disclosure purposes at the time of purchase of motor vehicle insurance. This was the key recommendation of the Financial Rights Legal Centre report Automating General Insurance Disclosure which examined […]
AssetInsure has strongest family violence policy – desktop audit finds
No ratings yet. AssetInsure has the strongest family violence policy in the general insurance industry. This was the finding of a desktop audit undertaken to evaluate the family violence policies of the 47 subscribers to the General Insurance Code of Practice. The 2020 General Insurance Code of Practice introduced new provisions requiring subscribers to have […]