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Financial Rights Legal Centre In The Media
New research shows struggling Australians suffering while the payday lending sector booms: Consumer groups

Consumer groups have cautioned policy makers not to fall for payday lending spin as new research from Digital Finance Analytics (DFA) shows the devastating impact of the industry on Australians struggling to make ends meet. Consumer Action Law Centre, Good Shepherd Microfinance and Financial Rights Legal Centre commissioned the report from DFA and found that nearly 30% of borrowers surveyed [ More ]

Payday loan mountain to top $1 billion as irresponsible lending skyrockets

Frank Chung, ONLINE payday lenders like Nimble and Money3 have led to an explosion in short-term loans to Australians in financial distress, with the industry now on track to pass $1 billion for the first time in 2018. New analysis by research firm Digital Finance Analytics has revealed a rapid rise in the pace of lending over the past five [ More ]

Forget ‘Dole Bludgers’, For-Profit Businesses Are Getting Rich Off Centrelink

The New Matilda, By Max Chalmers The poorest are being charged more for basic goods – and it’s moving welfare money into the pockets of big businesses. Max Chalmers reports. By the time clients meet Kat Lane the decision to attain a household item has already spiralled into such a financial disaster that other basic expenses, including groceries, have often been [ More ]

Make mutual or pool available to all, says submission

Article by Insurance News A submission from the Financial Rights Legal Centre in Sydney says whichever model the Northern Australia Insurance Premiums Taskforce supports, benefits such as lower premiums should be made available to all Australians who face extreme risk. NSW and southern Queensland have particularly high premiums and high levels of non-insurance, the centre says in its submission on [ More ]

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