Financial Rights Legal Centre
Call the National Debt Helpline
on 1800 007 007.
What's New?

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 ]

Financial Rights is recruiting!

Use your expertise to make a difference. Finance & Data Manager (closed) Administration Assistant (closed) Community Legal Education Officer (closed)

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 ]

$28 million of junk add-on insurance claims and counting… ASIC must act now to fix junk insurance

Consumer Action Law Centre, Financial Rights Legal Centre and WEstjustice have made a submission to the corporate regulator urging a crackdown on junk insurance sales in car yards. The submission criticises delays in implementing proposed reforms and uses data and case studies to clearly demonstrate the harm people will continue to experience until the Australian Securities and Investments Commission (ASIC) intervenes in the sale of car yard junk insurance. “I find it disappointing that, despite Parliament’s explicit intention that ASIC use its product intervention powers to [ More ]