ASIC review reveals ‘Low doc’ lenders tightening lending practices
Responsible lending laws have made an impact since 2010
Read More ASIC review reveals ‘Low doc’ lenders tightening lending practices
Credit
Consumer Action represents used car buyer in successful prosecution
Consumer stitched up by two traders in the one deal
Read More Consumer Action represents used car buyer in successful prosecution
Federal Court shoots down payday lender over unconsionable conduct
ASIC calls verdict “essential reading for all credit licensees”
Read More Federal Court shoots down payday lender over unconsionable conduct
Credit Ombudsman seeks comment on proposal for dealing with consumers’ representatives
Responses welcomed before end of this week
Read More Credit Ombudsman seeks comment on proposal for dealing with consumers’ representatives
ASIC acts to ensure better disclosure by ALDI of credit card and contactless payment surcharges
The corporate regulator has criticised supermarket chain Aldi, for not adequately advising customers of its credit card surcharges
Read More ASIC acts to ensure better disclosure by ALDI of credit card and contactless payment surcharges
Revised debt collection guideline should improve industry conduct
ACCC and ASIC revise guidelines for businesses and consumers about debt collection activities
Read More Revised debt collection guideline should improve industry conduct
ASIC hits GE Capital with $1.5 million penalty
Credit card holders were forced to consent to credit limit advertising
Read More ASIC hits GE Capital with $1.5 million penalty
ASIC seeks orders against book up provider for unconscionable conduct and Credit Act breaches
General store owner took possession of customer’s debit cards and timed withdrawals to sustain a dependence on his credit service
Read More ASIC seeks orders against book up provider for unconscionable conduct and Credit Act breaches
Don’t worry, this is how it’s done: How at risk consumers are coerced into signing up for bad loans
Financial counsellors welcome consultation on short-term and indefinite leases
Lease providers can structure contracts to avoid legal obligations
Read More Financial counsellors welcome consultation on short-term and indefinite leases
Consumer Action welcomes Government focus on lease providers
Short-term or indefinite leases currently sit outside regulation
Read More Consumer Action welcomes Government focus on lease providers
Use ASIC’s new calculator to get the most out of interest-free credit deals
MoneySmart online tool helps consumers to avoid traps when purchasing goods without upfront payment
Read More Use ASIC’s new calculator to get the most out of interest-free credit deals