Everyday Consumer Archives - Page 18 of 106 - Consumers' Federation of Australia

18 December , 2023

AFCA’s Approach to Responsible Lending

The Australian Financial Complaints Authority (AFCA) has published its Responsible Lending Approach, documenting for financial firms and consumers the way it considers complaints in this area.

The Approach was developed in response to calls from stakeholders to provide greater clarity around AFCA’s existing approach and to ensure consistency in AFCA complaint outcomes in these complex areas.

13 December , 2023

2023 Rank the Banks (and Other Lenders) Released

Financial Counselling Australia, in conjunction with the state and territory financial counselling associations, released its bi-annual Rank the Banks (and Other Lenders) survey which found the big four banks performing well, but all other lenders failing their customers in financial hardship.

The survey collates the views of financial counsellors on how the banking industry and other lenders respond to customers in financial hardship. Undertaken in late September and October 2023, 431 financial counsellors responded from every Australian state and territory for a response rate of 42 per cent.

12 December , 2023

CFA Supports Global Anti-Scam Statement and Coalition

As part of the 2023 Global Congress, Consumers International and members have launched a Global Statement to Stop Online Scams. As a member of Consumers International and as a consumer advocacy organisation, the Consumers’ Federation of Australia strongly supports this call to stop online scams. As Australia’s representative to Consumers International, CHOICE is a signature…

12 December , 2023

Global Consumer Alliance Urges Governments to Require Tech Companies to Protect People from Scams

9 out of 10 Australians also support strong penalties for digital platforms who fail to detect and prevent scams.

“Tech giants such as Facebook, Instagram and Google are failing to prevent scammers from using their platforms to target victims, causing enormous amounts of harm to consumers globally. In Australia, losses reported to Scamwatch from scams on social media have increased to over $66 million in 2023, an increase of more than 40% on the same time period in 2022,” says CHOICE Senior Campaigns and Policy Adviser, Alex Soderlund.

12 December , 2023

Report Released, “Australians for Sale: Targeted Advertising, Data Brokering and Consumer Manipulation”

This report documents the nature of some of the more troubling consumer manipulation practices currently occurring in Australia. It explores how targeted advertising affects people who gamble, consume alcohol, are experiencing financial stress, and how it affects children and young people. Each case study describes potential consumer harm and rights violations and goes on to include evidence from the ‘Xandr File’ about the nature of data that is routinely traded for targeted advertising about each of these groups.

A brave, bold and strong response to this issue is necessary, and long overdue.
A wide range of measures could be implemented to curb this practice

Foreword co-signed by Reset, CHOICE, and CPRC

12 December , 2023

ABA Updates and Broadens Accessibility Framework

Every Australian deserves equitable access to banking services. That’s why the Australian Banking Association (ABA) has broadened the scope of its accessibility framework to ensure the banking sector remains inclusive in a fast-changing digital landscape.
An important addition to the Accessibility and Inclusion Principles for Banking Services is a section on embedding accessibility into digital authentication processes, as the banking industry steps up its fight against scams, fraud and identiy theft.

11 December , 2023

T’s & C’s In and Out of Australia

Yesterday, the High Court unanimously ruled in favour of the passengers. In so doing, it put companies doing business in Australia on notice that Australia’s consumer protection laws apply both inside and outside the country’s borders.

It decided the class action waiver was unfair to the passengers. This was because Australian consumer law prohibits unfair consumer contracts and because the express terms of that law apply to companies doing business in Australia, regardless of whether they are headquartered in Australia or overseas.

As the High Court explained, a price of a company doing business in Australia is that it must adhere to Australia’s consumer protection laws.

11 December , 2023

Insurance Monitoring Report 2023 Released

The Australian Competition and Consumer Commission (ACCC) has released its Insurance Monitoring Report for 2023, the reports second annual release. The reports key focus was on insurance for homes, strata and small business in the Northern Territory and the effect, reception and role of the government’s new cyclone reinsurance pool. Due to the differences in…

11 December , 2023

Government Responds to ACCC’s Digital Platform Recommendations

Following the Australian Competition and Consumer Commission’s (ACCC) September 2022 Digital Platform Services Inquiry report, and the Albanese Government’s commitment in November to mandatory industry codes regarding scams (consultation closes 29/01/2024) has now announced an in-principle agreement to desperately needed new consumer and competition laws regarding digital platforms. Currently, the government is requesting that industry…

11 December , 2023

Building a Resilient Future – Day 3 of Consumers International Global Congress

A report from our Consumers International Global Congress representative, Deputy Chair Chandni Gupta Final day of the 2023 Global Congress and the pace remained fast and fascinating with enlightening presentations with a key focus on sustainability to close off the conference. Below are some highlights from Day 3. Sustainable appliances for a green transition An…

8 December , 2023

C is for Collaboration – Day 2 of Consumers International Global Congress

Today the Congress was abuzz with passionate consumer advocates, experts and regulators taking a deep dive into everything from scams and AI to greenwashing and digital wallets. But at the heart of so many discussions today was the value of and the critical need to collaborate. It was recognised that collaboration both within and across borders is needed to help raise the voices on key issues impacting consumers and to learn from one another. Below are some of the highlights from Day 2!

8 December , 2023

Scrutiny of Influencers and Businesses Over Online Reviews and Misleading Advertising Continues

“The next steps in our continuing scrutiny of these important parts of the online economy include developing strong guidelines for online operators so they clearly know what we expect, before a renewed focus on enforcement,” ACCC Acting Chair Catriona Lowe said.

“Influencers and businesses need to review their practices and improve compliance with the Australian Consumer Law to ensure consumers can trust the information they find online.”

Of the 118 social media influencers reviewed in the ACCC’s influencer sweep, 81 per cent were found to be making posts that raised concerns under the Australian Consumer Law for potentially misleading advertising.