"The market for consumer leases is delivering poor outcomes for many consumers"
Three groups of card products were found to forfeit leftover money to issuer after expiration
Consumers easily able to compare cost of renting versus buying household goods
Just one per cent of premiums paid out as claims to insurance customers
Watchdog considers high cost loans with one off payments unsuitable for vulnerable borrowers
Higher degree of part-time work, longer life expectancy reveal need for tailored approach
Reliance on benchmark to estimate living expenses put low income consumers at risk
ASIC concerned that benefits of self-managed super funds overstated
Regulator also warns against 'ratings protection' add-ons
Centrelink dependent customers sold "useless" credit insurance.
Appliance rental companies were operating without licenses required to protect consumers
ASIC concerned that lawyer-branded communications could intimidate complaining customers