Federal Court shoots down payday lender over unconsionable conduct
Consumers Federation of AustraliaFollowing proceedings launched by ASIC against payday lender, The Cash Store, and loan funder, Assistive Finance Australia, the Federal Court has found that both...
View ArticleClik here to view.
Federal Court orders record penalty totalling $19m against payday lenders
Consumers Federation of AustraliaThe Federal Court has today awarded record penalties totalling $18.975 million against payday lender, The Cash Store, and loan funder, Assistive Finance Australia for...
View ArticleRegulator slams ‘junk insurance’ sold by banks as Aussies demand over $2...
The Australian Securities and Investments Commission (ASIC) report released today confirms that consumer credit insurance, commonly tacked on when taking out a loan or credit card, is junk. This news...
View ArticleSale of consumer credit insurance by customer owned banking Code subscribers
Scrutiny of add-on insurance products by consumers, regulators and government has increased recently, with a particular focus on the sale of consumer credit insurance (CCI). Insurers and third-party...
View ArticleHow to access your consumer credit insurance in 3 steps
In this short animated video, Legal Aid Queensland’s Paul Holmes, senior lawyer (consumer advocate), Civil Justice Services team talks about consumer credit insurance. In the legal information bites...
View Article