Bank didn’t make reasonable inquiries into customers’ income before upgrading credit limit
Read More Westpac pays $1 million following ASIC’s concerns about credit card limit increase practices
Six insurers agree to better inform consumers
Read More ASIC review drives better disclosure of car insurance automatic renewals
Bank charged customers for loan protection insurance while the customer did not have a active loan
Read More Westpac to refund premiums for unwanted insurance cover
While lenders need to lift their game, people should “do their homework” and investigate options
Read More ASIC helps consumers to understand risks of interest-only mortgages
CHOICE says the Federal Government’s response to the Financial System Inquiry delivers for consumers.
Read More Government delivers credit card surcharge death blow
Informal credit practice can see at risk consumers lose control of debit cards
Read More ASIC releases a report into book up practices in Indigenous communities
Treasury consultation paper doesn’t ensure regulator can protect consumers
Read More A weaker ASIC helps no one: consumer groups
Payday lending scheme masked as selling of diamonds to avoid credit protections
Read More Federal Court finds Fast Access Finance breaches National Credit Act
“The market for consumer leases is delivering poor outcomes for many consumers”
Read More ASIC finds the cost of consumer leases can be as high as 884%
Three groups of card products were found to forfeit leftover money to issuer after expiration
Read More Consumers can reclaim funds on expired travel money cards following ASIC action
Consumers easily able to compare cost of renting versus buying household goods
Read More New ‘Rent vs Buy’ calculator for consumers on ASIC’s MoneySmart website
Just one per cent of premiums paid out as claims to insurance customers
Read More Insurers to refund $2 million in ‘useless’ payday premiums after ASIC investigation
