As Australian banks cut fixed term interest rates on home loans to record lows, financial counsellors have advised prospective borrowers to consider the longer term.
Media release: As fixed term interest rates fall to record lows, borrowers advised to look beyond the short term
Consumer Action Law Centre has welcomed the interim report from the Murray Inquiry into Australia’s financial system, and its acknowledgment that fairness, along with stability and efficiency, are important policy objectives.
Consumer Action Law Centre has welcomed the revised Debt Collection Guideline published by the Australian Competition and Consumer Commission and the Australian Securities and Investments Commission published today.
A new report by the Office of the Fire Services Levy Monitor has lifted the veil on Australia’s home insurance industry, exposing high profits, poor disclosure, and a lack of competition.
Consumer Action welcomes much of the findings of the Senate Standing Committees on Economics Inquiry into the Performance of the Australian Securities and Investments Commission, and commends ASIC on its efforts to reform.
A Victorian mother of four has requested leave to appeal a Victorian Civil and Administrative Tribunal decision in the Supreme Court.
Media release: Commission of Audit recommendation to cut funding for financial counselling fails struggling families
Thousands of Victorian working families, pensioners and those in financial hardship will be the biggest losers if the Federal Government adopts yesterday’s Commission of Audit recommendation to cut funding for financial counselling.
Dozo Car Sales has been ordered to pay $2,150 to a vulnerable consumer after it refused, within a reasonable time, to provide a refund on a defective car and, instead, bought it back at a reduced price.
Victorians building or extending their homes can do so with greater confidence following the Victorian Government’s announcement of a Building Consumer Protection Fund to protect consumers from dodgy or insolvent builders.
Charging struggling Australians a $120 filing fee for bankruptcy is like trying to get blood from a stone.