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…
Read More Is a banking tribunal really the answer?
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.…
Read More Consumer groups welcome a stronger ASIC
Bank charged customers for loan protection insurance while the customer did not have a active loan
Read More Westpac to refund premiums for unwanted insurance cover
While lenders need to lift their game, people should “do their homework” and investigate options
Read More ASIC helps consumers to understand risks of interest-only mortgages