Submission: Response to Commonwealth Government discussion paper on reducing...
Consumer Action’s response to a Commonwealth Government discussion paper on reducing reliance on payday lending. The post Submission: Response to Commonwealth Government discussion paper on reducing...
View ArticleMedia release: Credit Enhancements Bill a ‘win’ for payday lenders
Consumer advocates and financial counsellors have lamented the lost opportunity to effectively protect vulnerable Australians from exploitative payday and short term loans. The post Media release:...
View ArticleSubmission: ASIC Consultation Paper on an online database for small amount...
Consumer Action supports the development of a database for small amount credit contracts to help ensure compliance with new responsible lending obligations on lenders. The Government should continue to...
View ArticleNew infographic illustrates the harm of payday loans
A new infographic from Consumer Action shows how, even under the new laws, a single payday loan can push a low income earner into the red. The post New infographic illustrates the harm of payday loans...
View ArticleMedia release: Maurice Blackburn class action to highlight the sad truth...
Consumer Action welcomes Maurice Blackburn’s class action against Cash Converters, which alleges Cash Converters ‘illegally exploited thousands of financially struggling Australians by imposing charges...
View ArticleMedia Release: Payday lending report questions compliance with the law
Consumer Action Law Centre welcomed a new report from the Australian Securities and Investments Commission (ASIC) which questions whether payday lenders are complying with the law. The report found...
View ArticleCash Converters taken to court after reforms fail to protect vulnerable
Payday lending reforms from 2013 have failed vulnerable Australians according to Consumer Action Law Centre, as they take Cash Converters to court on behalf of a disability support pensioner over a...
View ArticlePayday loans: Laura’s Story
Laura fell into a debt spiral in 2013 and 2014 after she received multiple, successive loans from three different payday lenders… The post Payday loans: Laura’s Story appeared first on Consumer Action.
View ArticlePayday loans: James’ Story
James says he has had approximately 8 to 12 payday loans from a payday lender (that also operates as a pawnbroker) in the last 12 to 18 months, but he’s lost count. The post Payday loans: James’ Story...
View ArticlePayday loans: Julie’s Story
Julie is a single mother who subsists on Centrelink payments. She was recently involved in a family breakdown and suffers from mental health issues. She has had her Centrelink reduced and as a result...
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Consumer Action Law Centre to enter payday lending market
Consumer Action Law Centre is pleased to announce that it will commence trading as the Consumer Action Loan Centre from 1 July 2016. The new business will specialise in small amount credit contracts,...
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Payday lending reform will make people’s lives better
Consumer advocates say that the Government’s response to a recent review of payday lending and consumer leases laws is a good start and can go further to support Australians who are struggling to make...
View Article120 day delay inflicting greater payday pain
Consumer groups call for the Federal Government to take immediate action to protect payday loan and lease borrowers. The Consumers Federation of Australia, CHOICE, Consumer Action Law Centre,...
View ArticleMedia Release: Payday lending report questions compliance with the law
Consumer Action Law Centre welcomed a new report from the Australian Securities and Investments Commission (ASIC) which questions whether payday lenders are complying with the law. The 2013 law reform...
View ArticleClik here to view.
Cash Converters taken to court after reforms fail to protect vulnerable
Payday lending reforms from 2013 have failed vulnerable Australians according to Consumer Action Law Centre, as they take Cash Converters to court on behalf of a disability support pensioner over a...
View ArticleClik here to view.
Payday loans: Laura’s Story
Laura lives in public housing and receives a Centrelink pension. She has a mild intellectual disability and suffers from mental illness. Laura has two young children one of which has a mild...
View ArticleClik here to view.
Payday loans: James’ Story
James says he has had approximately 8 to 12 payday loans from a payday lender (that also operates as a pawnbroker) in the last 12 to 18 months, but he’s lost count. James says that he was recently...
View ArticleClik here to view.
Payday loans: Julie’s Story
Julie is a single mother who subsists on Centrelink payments. She was recently involved in a family breakdown and suffers from mental health issues. She has had her Centrelink reduced and as a result...
View ArticleClik here to view.
Consumer Action Law Centre to enter payday lending market
Consumer Action Law Centre is pleased to announce that it will commence trading as the Consumer Action Loan Centre from 1 July 2016. The new business will specialise in small amount credit contracts,...
View ArticleClik here to view.
Payday lending reform will make people’s lives better
Consumer advocates say that the Government’s response to a recent review of payday lending and consumer leases laws is a good start and can go further to support Australians who are struggling to make...
View Article
