Buy now pay later sector must be regulated by Government NOT itself
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 […]
Over 590,000 Australians have relied on safe lending laws for justice
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.
“The job is not yet done”: Banking Royal Commission implementation
Consumer groups respond to the two year anniversary of the Hayne Banking Royal Commission Final Report’s public release.
‘A disastrous winding back of consumer protections’ Consumer groups call on lawmakers to reject proposed change
“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.”
New invasive credit reporting rules will hit consumers while safe lending protections under threat
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.
Financial Rights presentation for financial counsellors and caseworkers about the Aboriginal Community Benefit Fund
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.
ACCC’s recommendations must be implemented to avert insurance calamity after natural disasters
The Financial Rights Legal Centre urges the Australian Government to immediately act to implement the recommendations of the Northern Australia insurance inquiry to ensure Australians have access to affordable insurance and a fair outcomes on insurance claims in the aftermath of natural disasters.
Consumers warned to avoid Christmas debt
The Financial Rights Legal Centre and Mob Strong Debt Help are urging consumers to be careful if taking out loans or using buy now, pay later services (BNPL) to keep up with Christmas expenses.
Financial Rights report reveals risks and opportunities in Open Insurance
No ratings yet. Financial Rights Legal Centre has released a landmark report on the concept of Open Insurance – the application of the Consumer Data Right to the general insurance industry. Financial Rights’ Chief Executive Officer Karen Cox said the Open Insurance report by Dr Richard Tooth of Sapere provides vital insights into the risks […]
Repeal of lending protections will hurt women facing domestic violence
Consumer groups, financial counsellors and domestic violence advocates have slammed the Australian Government’s plans to remove critical protections for women experiencing economic abuse.
