Community coalition calls for urgent action on BNPL and wage advance products as the cost-of-living soars
More than 100 organisations have signed an open letter calling on the next Parliament to urgently make buy now pay later (BNPL) and wage advance products safer. Initiated by Financial Counselling Australia, Anglicare Australia, CHOICE, Financial Rights Legal Centre and the Consumer Action Law Centre, the letter has been endorsed…
Gambling survey shows growing harm and need for more training for financial counsellors
A new survey of financial counsellors has highlighted the growing harm caused by gambling and the urgent need for additional workforce training. Financial Counselling Australia (FCA), on behalf of the state and territory financial counselling associations, is calling on the Federal Government and the Opposition to commit to provide funding…
Milestone budget for financial counsellors
Media Release 30 March 2022 Milestone budget for financial counsellors Financial counsellors have welcomed a multi-million-dollar funding commitment to the sector announced in the Federal Budget last night that recognises the vital role financial counsellors play in helping people. “This is a milestone budget for the financial counselling sector,”…
Inquiry Into Buy-Now-Pay-Later (BNPL) Providers
Media Release Embargoed till 1am Tuesday 29th March US Government urged NOT to follow Australia’s lead with self-regulation of buy now pay later products Australian consumer groups have warned the USA’s chief consumer regulator, the Consumer Financial Protection Bureau (CFPB), about major flaws in the self-regulation of buy now pay…