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Financial Rights Legal Centre and Consumers Federation Australia publish submission to review Code of Banking Practice

Consumers Federation Australia (CFA) along with several consumer organisations have recently submitted a joint consumer representative submission to the Australian Banking Association. The ABA has resourced this 2016 submission, conducted as a collaborative effort between the CFA and the Financial Rights Legal Centre (FRLC). CFA and the FRLC engaged with the following consumer organisations who have [...]

By | September 22nd, 2016|Banking, Featured, Finance, Financial Systems Inquiry, Independent inquiries, Regulator news and government inquiries, Submission|Comments Off on Financial Rights Legal Centre and Consumers Federation Australia publish submission to review Code of Banking Practice

Is a banking tribunal really the answer?

Consumers Federation Australia along with the Consumer Action Law Centre, Financial Rights Legal Centre and Financial Counselling Australia have written a letter to the Prime Minister, Minister for Financial Services and the Treasurer in response to announcements of the Federal Government possibly instituting a financial services tribunal. CFA, along with other signed organisations have raised [...]

By | September 2nd, 2016|Consumer protection, DisputeResolution, EDR, Finance, Publications, Regulator news and government inquiries|Comments Off on Is a banking tribunal really the answer?

Consumer groups welcome a stronger ASIC

Consumer groups CHOICE and Consumer Action Law Centre welcome today’s announcement of new funding and powers to protect consumers of financial services. In 2014-15 ASIC’s budget was reduced by $120 million over four years, in addition to an efficiency dividend of $47 million over the same period.[i] “Today’s funding announcement is good news for Australians. [...]

By | May 23rd, 2016|ASIC, CHOICE, Finance, Regulator news|Comments Off on Consumer groups welcome a stronger ASIC