Financial Rights recommends that currently unregulated financial services such as: ‘buy now, pay later’ services and debt management firms (including budgeting services and credit repairers) be licensed and brought into line with mainstream regulation. We are also calling for the National Consumer Protection Amendment (Small Amount Credit and Consumer Lease Reforms) Bill 2018 to be enacted as soon as possible to bring payday lenders and consumer lease providers in line with community standards.
