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 ]
Financial Rights Legal Centre Inc is a community based legal centre in Surry Hills specialising in financial services, particularly consumer credit, banking, insurance and debt. We are seeking to employ an enthusiastic Communications and Campaigns Officer for a 12 month contract. This is a full-time position, however four days a week will be considered. Experience required. Commitment to consumer rights [ 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 ]
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 ]
MEDIA RELEASE Consumer Groups Strongly Disagree with OAIC Credit Reporting Guidance The Office of the Australian Information Commissioner (OAIC) has today published Guidance on its website about how lenders should treat Repayment History Information (RHI) for customers that are experiencing financial hardship. RHI is information about whether repayments on loans and credit cards are made on time. Proposed laws will [ More ]
