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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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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 ]