As the Senate Economics Committee hosts hearings in Canberra on Friday 19 February, 2021, over 22,000 Australians have joined the call for Federal Senators to strengthen instead of repeal safe lending laws, with many sharing personal stories of unsafe lending harm.
Consumer groups respond to the two year anniversary of the Hayne Banking Royal Commission Final Report’s public release.
Consumers will have private financial hardship information exposed on their credit reports for the first time as a result of the passing of the National Consumer Credit Protection Amendment (Mandatory Credit Reporting and Other Measures) Bill 2019.
“If this Bill is passed, it will cause untold harm to individuals and families. Removing these protections will allow lenders to load people up with unaffordable debt at a time when many people are already struggling amidst the pressures of COVID-19.”
Financial Rights has recorded presentation for financial counsellors and caseworkers about the funeral insurance policies sold by Aboriginal Community Benefit Fund (ACBF) and a checklist for client intake.