Consumer groups* have strongly welcomed the introduction of a Bill today in Parliament to prevent hard-sell tactics for insurance and other financial products. The Bill introduces some of the 76 long-awaited reforms to strengthen Australian’s consumers rights recommended by the Banking Royal Commission. “These reforms target hard-sell tactics for insurance after heart-wrenching stories were uncovered by the Banking Royal Commission,” [ More ]
The Financial Rights Legal Centre is concerned that recommendations in the final report by the Royal Commission into National Natural Disaster Arrangements do not go far enough to address mitigation and the rising costs of insurance.
Financial Rights Legal Centre and Victorian Aboriginal Legal Service welcome findings by the Australian Financial Complaints Authority (AFCA) in two separate cases that funeral insurance provider Youpla misled Aboriginal policyholders.
Financial Rights has serious concerns that sweeping changes to the Consumer Data Right will allow highly sensitive consumer data to be accessed by unauthorised third parties.
7 October, 2020 With jobs, household spending and economic recovery the focus of last night’s Budget, the Stop the Debt Trap Alliance is warning that lax protections from predatory lenders risk undermining the Government’s efforts. “For the many people out of work due to the Covid-19 crisis, this will be the first time they’ve faced the prospect of not being [ More ]