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Financial counselling sector applauds organisations committing to funding financial counsellors, deeply disappointed with others

Financial Counselling Australia (FCA) has welcomed commitments by several industries to provide funding that will see more financial counsellors on the ground through a new industry funding model. The industries and companies that will be involved are: banking, insurance, energy retail, online wagering, Tabcorp, Telstra and Credit Corp. We are…

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FCA welcomes introduction of gambling self-exclusion register

The implementation of gambling self-exclusion register, BetStop, is a game-changer for people ready and willing to stop gambling online, according to Financial Counselling Australia (FCA). FCA’s director of Policy and Campaigns Lauren Levin said the move confirmed the nation was “on the cusp of a new era where Australians will…

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“Buy now, pay later loans need to be subject to strong safe lending tests to protect people from harm”: Consumer groups respond to BNPL reform announcement

Consumer groups and financial counsellors have said that the Government’s plans for regulation of the buy now, pay later (BNPL) sector announced today will need to include strong requirements for lenders to ensure that loans are safe and suitable regardless of the size of the loan in order to protect…

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