The Federal Government is letting the worst and most harmful financial products in the community run wild according to consumer advocates. It’s now one year, eight months, one week and fifteen days since the Government accepted recommendations to reform laws governing payday loans and consumer leases. Despite committing to bringing the reforms to Parliament by the end of 2017, the [ More ]
Australia’s banks will have to commit to strict enforcement and strong resourcing for the new Code of Banking Practice, if the Code is to achieve real change in the industry, say consumer advocates. The Australian Securities & Investments Commission approved the revised Code of Banking Practice on Tuesday. Consumer advocates said that while the new Code includes some enhancements, banks [ More ]
Joint Media Release: Consumer Groups warn banks’ plan to protect vulnerable customers will fail Consumer groups have today criticised a plan by the four major banks to not include customers who have reached agreement on hardship arrangements with their bank under the new mandatory Comprehensive Credit Regime. “The ABA say that banks intend to protect vulnerable customers from being unfairly treated [ More ]
With opportunities to make financial mistakes seemingly around every corner, many consumers are in need of a little support — and a lot of education. The Financial Rights Legal Centre was recently featured in an article by consumer financial education site BadCredit.org for standing behind Australian consumers who need a helping hand making it through credit, debt, banking, insurance, and [ More ]
We are seeking to employ an enthusiastic solicitor (or senior solicitor) for a 12 month contract. This is a full-time position, however four days a week will be considered. Experience preferred. Commitment to consumer rights essential. The position involves mostly giving telephone advice on the National Debt Helpline and Insurance Law Service advice line, but some casework. Applications close Tuesday [ More ]
