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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,”…

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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…

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Time to finally end the harm done by Cigno loans

Consumer groups and financial counsellors are urging the Australian Securities and Investments Commission (ASIC) to act now to put an end to the use of harmful lending models used to charge excessive fees on top of short-term loans.  For over four years, fringe lender Cigno has signed people up to…

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Australian consumer groups warn UK Government against industry “self-regulation” of Buy Now Pay Later

Media Release Wednesday, 19 January 2022 Australian consumer groups warn UK Government against industry “self-regulation” of Buy Now Pay Later Financial Counselling Australia and the Consumer Action Law Centre have shared Australia’s experience of weak consumer safeguards for Buy Now Pay Later (BNPL), as part of the UK Government’s consultation…

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