Post thumbnail
Consumer advocacy group CHOICE has welcomed the establishment of a Senate Inquiry that will examine cases of wrongdoing in the banking and financial services sector. “Sunlight is the best disinfectant. This inquiry gives us a chance to shine a light on the anti-consumer practices that are riddled throughout the banking system,” says CHOICE Head of…
Read More CHOICE welcomes inquiry into banking sector
Post thumbnail
Financial counsellors – who help hundreds of Australians with financial services disputes each year – have provided overwhelming support for the merger of the Financial Ombudsman Service and the Credit & Investments Ombudsman into a one stop financial complaints ombudsman service. Seventy-five percent of financial counsellors that responded to a survey by Financial Counselling Australia…
Read More Financial Counselling Australia: Financial Counsellors Support Merger of FOS and CIO
Post thumbnail
Consumers Federation Australia (CFA) along with several consumer organisations have recently submitted a joint consumer representative submission to the Australian Banking Association. The ABA has resourced this 2016 submission, conducted as a collaborative effort between the CFA and the Financial Rights Legal Centre (FRLC). CFA and the FRLC engaged with the following consumer organisations who have…
Read More Financial Rights Legal Centre and Consumers Federation Australia publish submission to review Code of Banking Practice
Recommendations seek to improve ‘problem’ products such as payday lenders and consumer credit insurance
Read More Financial System Inquiry puts consumer welfare first – Consumer advocate urges Government to implement recommendations ASAP
CHOICE says Murray delivers good news but unlikely to stop excessive surcharges
Read More Financial System Inquiry backs need for stronger consumer protection
CALC supports the focus of policy objectives
Read More Murray Inquiry: focus on fairness welcome for consumers
Family guaranteed loans also put parent’s house in the firing line
Read More CHOICE says high-risk home loans can leave whole families out in the cold
Good Shepherd welcomes a root and branch inquiry into Australia’s financial system
Read More Financial system reform can lift economic wellbeing of all
