GE Money changes personal loan online advertising: ASIC action
Concerns that advertising was potentially misleading underlay ASIC action.
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ASIC takes action on payday loan advertising
Cash Today Pty Ltd has changed the advertising of its low value short-term loans on its website following concerns about interest rate disclosure.
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Mass complaint made against Motor Finance Wizard
Consumer Action has asked the Credit Ombudsman to take into account the similarities in the complaints.
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RHG customers refunded over $3.3 million
6400 consumers to benefit following ASIC action on discharge and termination fees.
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Consumer Affairs Ministers discuss national approaches
The nation’s consumer affairs ministers met in Adelaide to discuss national approaches to significant consumer issues.
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Could peer-to-peer lending challenge banks?
Peer-to-peer lending has the potential to replace banking, but the concept faces a number of challenges.
Read More Could peer-to-peer lending challenge banks?
Credit Enhancements Bill a ‘win’ for payday lenders
Consumer advocates lament the lost opportunity to protect vulnerable Australians from exploitative loans.
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Credit limit regulations so soft they’re almost redundant
Regulations to limit the harm caused by unsolicited credit limit increase offers have been watered down.
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BMW Finance customers refunded following breach
More than 2400 consumers will be refunded a total of $1,392,667 by BMW Australia Finance Limited following a breach of the National Credit Code by the car financier.
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Payday ‘protection plan’ offers little.
CFA members ask whether it is OK to sell a ‘payment protection plan’ to a person with a Centrelink income.
Read More Payday ‘protection plan’ offers little.
RBA delivers surcharge win for consumers: CHOICE
CHOICE welcomes reforms that will bring an end to excessive credit card surcharges.
Read More RBA delivers surcharge win for consumers: CHOICE
ANZ rate cut the right move: CHOICE
ANZ’s decision to pass on the RBA’s interest rate cut in full is welcome. Other banks should do the same.
Read More ANZ rate cut the right move: CHOICE