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Consumer leases poor people pay

Don’t make the poor pay more: Consumer Action

Today, ALP Senator Doug Cameron will be leading debate on a Bill to exclude consumer lease products from Centrelink’s welfare budgeting tool Centrepay. What are ‘consumer leases’?  A consumer lease is a type of credit contract for the hire of goods where: the hire is for domestic or household purposes; the person hiring the goods does not […]

Paydaylending

Review is opportunity to improve protections for payday loan and rent-to-buy borrowers

Payday lending and rent-to-buy products are often a source of financial distress and hardship according to Consumer Action Law Centre. The centre welcomes the Federal Government’s announcement that it will be reviewing the laws regulating payday lenders and rent-to-buy companies. These businesses are booming as everyday Australians struggle to meet day-to-day expenses. Researchers estimate the […]

Senior couple meeting

Life insurance overdue for change

Consumer Action Law Centre says that proposed changes from the life insurance industry to overhaul excessive commission structures and questionable advice are a step in the right direction, but don’t go far enough.