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 […]
