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…
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,”…
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…
MEDIA RELEASE FCA welcomes tough stance by ACMA on unlawful spamming by Sportsbet Financial counsellors applaud the Australian Communications and Media Authority (ACMA) for imposing the largest penalty ever given a fine of $2.5 million on Sportsbet. The betting company will also refund customers $1.2 million after an extensive ACMA…
MEDIA RELEASE Another fin-tech preying on the vulnerable – this time with rental payments Financial Counselling Australia (FCA) says a new product for home renters is yet another alarming example of a fintech company taking advantage of loopholes in the credit laws. “A company called Tenanting is offering a product…