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 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 ]
In June 2015 a $23m settlement was reached of two class actions launched by Maurice Blackburn Lawyers in 2013 in the Federal Court of Australia on behalf of Cash Converters customers in New South Wales who were alleged to have paid excessive fees and interest on short term loans. The settlement is subject to court approval and is without admission [ More ]
Do you have a fine? Do you need a Tax File Number? Do you need Legal advice? Do you need help with your bills? Do you need a new fridge or washing machine? Apply for a no interest loan! COME FOR A FEED AND A YARN WITH: ATO NSW Fair Trading State Debt Recovery O ce Financial Rights Legal Centre Centrelink Legal Aid [ More ]
Ian Ramsay, Paul Ali and Lucinda O’Brien have recently published an article on the credit repair industry in Australia entitled: ‘A Quick Fix? Credit Repair in Australia’. The article appears in the current edition of the Australian Business Law Review (volume 43, number 3). The article is an excellent addition to a growing conversation about consumer protection and financial difficulty [ More ]
