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.
One step forward, two steps back: Banking Royal Commission reforms welcomed but deep concerns remain
No ratings yet. 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 […]
Victorian Aboriginal Legal Service and Financial Rights Legal Centre win AFCA cases against funeral insurer Youpla
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.
MEDIA RELEASE: Predatory lending risks undermining Government’s economic recovery effort
No ratings yet. 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 […]
MEDIA RELEASE: Consumer groups slam move to remove responsible lending laws
No ratings yet. 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 […]
Report misses the mark on buy now pay later regulation
No ratings yet. 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 […]
