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Financial Rights Legal Centre In The Media
$28 million of junk add-on insurance claims and counting… ASIC must act now to fix junk insurance

Consumer Action Law Centre, Financial Rights Legal Centre and WEstjustice have made a submission to the corporate regulator urging a crackdown on junk insurance sales in car yards. The submission criticises delays in implementing proposed reforms and uses data and case studies to clearly demonstrate the harm people will continue to experience until the Australian Securities and Investments Commission (ASIC) intervenes in the sale of car yard junk insurance. “I find it disappointing that, despite Parliament’s explicit intention that ASIC use its product intervention powers to [ More ]


Consumer groups welcome NAB crackdown on debt vultures: Joint Consumer Media Release

Consumer groups have welcomed a crackdown on debt vultures by National Australia Bank (NAB). In a statement today, NAB says it will no longer deal with unlicensed debt management providers. Consumer organisations commonly describe these businesses as “debt vultures” because of the harm they cause. Debt vultures target people concerned about bills, home repossession or the confusing credit reporting system.  [ More ]


Joint Consumer Media Release: Responsible lending law reform needed urgently

Consumer groups are extremely disappointed in ASIC’s decision not to appeal the Full Federal Court’s decision in the Westpac case to the High Court of Australia.[1] The Financial Rights Legal Centre (Financial Rights), Consumer Action Law Centre (Consumer Action), CHOICE and Financial Counselling Australia (FCA) had supported the view, also enunciated by Commissioner Hayne in the Banking Royal Commission, that [ More ]


Bank Announcement of Further Assistance for Customers a Timely Relief: Consumer Groups

Today’s announcement by the banking industry of further assistance to help customers experiencing financial hardship will provide some important relief to those who continue to be impacted by COVID-19.  CHOICE, Financial Rights Legal Centre, Consumer Action Law Centre and Financial Counselling Australia are at the forefront of helping people impacted by COVID-19, particularly people doing it tough.  Knowing that there [ More ]


Joint Consumer Media Release: Hayne Royal Commission insurance reforms should be introduced into Parliament in next sitting

A coalition of consumer advocacy groups is calling on the Federal Government to urgently implement much-needed reforms to the insurance industry as recommended by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal Commission). “These reforms must be implemented without delay as they will make a positive difference in the lives of millions of Australians [ More ]