Over 590,000 Australians have relied on safe lending laws for justice
As the Senate Economics Committee hosts hearings in Canberra on Friday 19 February, 2021, over 22,000 Australians have joined the call for Federal Senators to strengthen instead of repeal safe lending laws, with many sharing personal stories of unsafe lending harm.
“The job is not yet done”: Banking Royal Commission implementation
Consumer groups respond to the two year anniversary of the Hayne Banking Royal Commission Final Report’s public release.
‘A disastrous winding back of consumer protections’ Consumer groups call on lawmakers to reject proposed change
“If this Bill is passed, it will cause untold harm to individuals and families. Removing these protections will allow lenders to load people up with unaffordable debt at a time when many people are already struggling amidst the pressures of COVID-19.”
New invasive credit reporting rules will hit consumers while safe lending protections under threat
Consumers will have private financial hardship information exposed on their credit reports for the first time as a result of the passing of the National Consumer Credit Protection Amendment (Mandatory Credit Reporting and Other Measures) Bill 2019.
Financial Rights presentation for financial counsellors and caseworkers about the Aboriginal Community Benefit Fund
Financial Rights has recorded presentation for financial counsellors and caseworkers about the funeral insurance policies sold by Aboriginal Community Benefit Fund (ACBF) and a checklist for client intake.
ACCC’s recommendations must be implemented to avert insurance calamity after natural disasters
The Financial Rights Legal Centre urges the Australian Government to immediately act to implement the recommendations of the Northern Australia insurance inquiry to ensure Australians have access to affordable insurance and a fair outcomes on insurance claims in the aftermath of natural disasters.
Consumers warned to avoid Christmas debt
The Financial Rights Legal Centre and Mob Strong Debt Help are urging consumers to be careful if taking out loans or using buy now, pay later services (BNPL) to keep up with Christmas expenses.
Consumer groups on Banking Royal Commission reforms
Consumer groups welcome today’s passage of Royal Commission recommendations into law, but condemns the government for introducing the law to axe safe lending laws into the House.
Letter to editor: The case for repealing Australia’s safe lending laws is flimsy at best and is likely to cause real harm
Letter to AFR editor in response to editorial “Pull lending laws into line with ‘wagyu and shiraz'” which is factually inaccurate and grossly overstates the case for dismantling Australia’s world-leading safe lending regime.
Consumer groups call for radical overhaul of privacy laws
Consumer groups have called for a radical overhaul of privacy laws to provide greater protections for consumers to counterbalance the increased use and exploitation of big data by business and industry.
