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MEDIA RELEASE: Consumer groups slam move to remove responsible lending laws

25 September 2020 Removing credit protections will harm people and the economy. CHOICE, Consumer Action Law Centre, Financial Counselling Australia and the Financial Rights Legal Centre have responded to the Australian Government’s announcement that it will remove credit protections for borrowers saying right now what people need is more income, not more debt. Government’s proposed reforms will remove bank responsibility [ More ]

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Use your expertise to make a difference. Finance & Data Manager (closing date: Mon 12th Oct) Administration Assistant (closing date: Mon 12th Oct) Community Legal Education Officer (closing date: Mon 12th Oct)

Extension of bankruptcy threshold protections should be made permanent

Consumer groups have welcomed the Government’s extension of bankruptcy threshold protections until the end of the year because of the COVID emergency and are calling for the changes to be made permanent. Temporary bankruptcy changes were due to expire on 30 September will now be extended to 31 December 2020. These changes include raising the minimum amount of debt that [ More ]

Report misses the mark on buy now pay later regulation

The Senate Select Committee on Financial Technology and Regulatory Technology has published its Interim Report. Consumer groups say the Interim Report has missed the mark on its recommendation encouraging self-regulation in ‘innovative’ financial services. Among its findings the Committee recommends that the Australian Government establish a “…culture of innovation and competition in financial services by supporting self-regulation where innovative products emerge, [ More ]