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Financial Rights Legal Centre In The Media
Consumer groups allege Veda breached important privacy laws

Between August and October 2014, the Financial Rights Legal Centre, Consumer Action Law Centre, Financial Counselling Australia and the Australian Privacy Foundation lodged a series of complaints against Veda Advantage (Veda) to the Office of the Australian Information Commissioner (the Privacy Commissioner). Under new credit reporting laws that came into effect in March 2014, and the Privacy (Credit Reporting) Code [ More ]

MEDIA RELEASE: Reforms to life insurance advice are a start, but far from perfect.

  Financial Rights Legal Centre is glad to see some real reforms in the life insurance industry, but there is still a lot of room for improvement. As the Assistant Treasurer’s Media Release states, “ASIC’s Report found unacceptable levels of poor quality advice, and a strong correlation between high upfront commissions and poor customer outcomes.”  In response to ASIC Report [ More ]

MEDIA RELEASE: Time to end the free ride for rent to buy businesses

Media Release Wednesday 24 June 2015 Don’t make the poor pay more – time to end the free ride for rent to buy businesses: Consumer Groups Download pdf here: DontMakeThePoorPayMore Consumer groups say draft legislation to ban rent-to-buy goods providers from Centrepay (Centrelink’s service that allows third parties to receive direct payment from welfare payments) is an essential step to protect [ More ]

Australians rack up high personal debt (Central China TV) Pressure is mounting for Australia’s banks to lower the interest rates on their credit cards. Critics point out that the nation’s cash rate has been cut twice this year to a historic low, but credit card fees remain high, pushing some people deeper into debt. Lawyer Katherine Lane says the number one reason people seek her [ More ]

Payday Lending Practices: Why Unethical Loans Are Harming The Vulnerable

Law Society Journal Written by Alex Kelly (Co-principal solicitor at Financial Rights) Alex Kelly has had an article published in the June 2015 edition of the NSW Law Society Journal.  Her article explains why payday lending practices are still so harmful for vulnerable Australians even though there has been new legislation in place since 2013.  The article gives a summary [ More ]

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