Finance

AAP The Federal Government has taken significant steps in recent years to protect consumers from predatory lending practices, such as very high-interest “payday loans”. An unfortunate, though surely unintentional, consequence of lending regulation is that people on low incomes or with poor credit records may find it difficult to secure loans. Under our National Consumer…

Read More Responsible lending doesn’t have to be restrictive

A coalition of consumer and financial counselling organisations has launched a new website to ensure the hard truths are heard in the debate about the future of short term high cost loans – www.debttrap.org.au. The new website delivers the confronting facts about payday loans, busts myths currently being spread by payday lenders, and outlines safer…

Read More Consumer groups launch ‘debt trap’ web site

The Standing Committee on Social Policy and Legal Affairs is holding an inquiry into the insurance industry with specific reference to extreme weather and disaster events. Submissions will be accepted until Friday 12 August 2011, with the exception of submissions from Western Australia, which are requested by Friday 22 July 2011, as the Committee will…

Read More Operation of the insurance industry during disaster events – Commonwealth inquiry

Denis Nelthorpe photo Denis Nelthorpe photo

Former CFA President Denis Nelthorpe and consumer advocate Elaine Attwood were both made Members of the Order of Australia (AM) in the Queens Birthday honours list in June 2011. Denis has played many roles in the Australia consumer movement. He was  Director of the Consumer Credit Legal Service in the 1980s when it successfully took…

Read More CFA advocates recognised with Queens Birthday honours