MEDIA RELEASE New research shows that Buy Now Pay Later is not a free or low-cost option compared to traditional credit cards. New research from Curtin University, commissioned by Financial Counselling Australia, shows Buy NowPay Later (BNPL) fees are effectively a quasi-interest rate that can be more costly…
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…
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,”…