Standards

22 November , 2022

Buy now pay later changes must go all the way, consumer groups say

Buy now pay later (BNPL) products must be fully regulated as credit to protect consumers and put all credit providers on a level playing field, a coalition of consumer groups has said. The group, including CHOICE, financial counselling associations and consumer legal centres, has made the call as Treasury releases a consultation paper setting out…

27 August , 2012

“Financial counsellor” now reserved for compliant non-profits

New laws prevent commercial providers using the term.

21 August , 2012

Consumer Credit Bill offers mixed bag for consumers

Changes to legislation fail to recognise the need to better regulate short-term creditors.

11 November , 2011 0 comments

Consumer Action warns government that new credit card regulation may require running repairs

The Consumer Action Law Centre has welcomed the Federal Government’s ban on credit providers making unsolicited credit card limit increase offers to customers, but believes that ambiguity in the regulations governing the ban will see credit providers attempt to evade and undermine it. The Centre has also warned that the Government will need to respond quickly to any such attempt if it wants to maintain the integrity and effectiveness of the ban.