New research shows payday lending sector booming as low income consumers suffer
Regulations aren’t working, say consumer advocates
Read More New research shows payday lending sector booming as low income consumers suffer
Payday Lending
Federal Court finds Fast Access Finance breaches National Credit Act
Payday lending scheme masked as selling of diamonds to avoid credit protections
Read More Federal Court finds Fast Access Finance breaches National Credit Act
Cash Converters taken to court after reforms fail to protect vulnerable consumers
Allegations of continual offers of risky loans to a woman on disability support
Read More Cash Converters taken to court after reforms fail to protect vulnerable consumers
Consumer advocates welcome review into payday lending industry
Consumer Action says review an opportunity to improve protections for vulnerable customers
Read More Consumer advocates welcome review into payday lending industry
Money3 provides over $100,000 in refunds to consumers as ASIC’s payday lending crackdown continues
Watchdog considers high cost loans with one off payments unsuitable for vulnerable borrowers
Read More Money3 provides over $100,000 in refunds to consumers as ASIC’s payday lending crackdown continues
New research shows Australians want changes to payday lending industry
Consumer advocates join together to call for tighter regulation after poll shows 90% of people think fees and interest rates are unreasonable
Read More New research shows Australians want changes to payday lending industry
ASIC crackdown stops another payday lender from overcharging consumers
Affected consumers set to receive close to half a million dollars in refunds
Read More ASIC crackdown stops another payday lender from overcharging consumers
ASIC continues crackdown on payday lending avoidance models
Sidestep arrangements netted more charges to consumers than allowed under credit protection laws
Read More ASIC continues crackdown on payday lending avoidance models
Murray Inquiry: focus on fairness welcome for consumers
CALC supports the focus of policy objectives
Read More Murray Inquiry: focus on fairness welcome for consumers
Payday lender to refund more than $14,000 to consumers
ASIC investigation uncovers short-changing on loans
Read More Payday lender to refund more than $14,000 to consumers
Cash Converters sued for breaching its responsible lending obligations
Melbourne woman received more than 50 payday loans in under 4 years
Read More Cash Converters sued for breaching its responsible lending obligations
Review finds online lenders are reluctant to embrace new regulations
CALC urges regulators to stay vigilant
Read More Review finds online lenders are reluctant to embrace new regulations