Super fund lobby groups have dumped a code of conduct that could have improved how funds handle life insurance claims.
Consumer groups applaud Federal Court ruling to uphold ASIC intervention in short-term credit market
Today’s Full Federal Court decision to dismiss an application by Cigno Pty Ltd (Cigno), seeking to quash the Australian Securities and Investments Commission’s (ASIC) product intervention order to reign in short-term credit fees and charges, has been applauded by consumer advocates.
Today’s Federal Court decision that the lending model promoted by Cigno Pty Ltd did not breach the National Consumer Credit Protection Act (National Credit Act) is extremely disappointing, and consumer advocates have urged the Australian Securities and Investments Commission (ASIC) to appeal the decision.
Financial Rights Legal Centre is calling on the Australian Government to respect the rights of joint bank account holders to control their own data.
Financial Rights joins consumer groups to condemn Senate Inquiry Report, as vote looms on Government’s disastrous proposal to axe safe lending laws.
Domestic violence advocates tell Senate Committee to reject the Government’s plans repeal safe lending laws
Financial abuse and domestic violence advocates will give evidence to the Senate Committee today about the harm women will face if the Government’s Supporting Economic Recovery Bill is passed.
No ratings yet. Consumer groups have united to call for Federal Government regulation of buy now pay later (BNPL) services to protect consumers and put all credit providers on a level playing field. Today the Australian Finance Industry Association released a self-regulatory code of conduct for BNPL providers. While it’s positive to see the industry […]
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.