South Australia's and Northern Territory's financial counsellors fight to stop Federal Government changes to responsible lending laws.

Posted by SAFCA on 5 November 2020
Media Statement South Australian and Northern Territory financial counsellors are slamming federal government moves to remove responsible lending laws. The laws protect people from exploitative lending by banks and other lenders, but the Federal Government has just released a draft bill which will see them axed from March next year. Financial counsellors from around South Australian and Northern Territory are writing letters to local MPs and Senators to urge them to vote against the pro...
Posted in: Responsible Lending  

AFSA warns people to steer clear of dodgy insolvency advisors - Media Release 2/11/2020

Posted by SAFCA on 2 November 2020
The Australian Financial Security Authority (AFSA) is today launching a campaign to raise awareness of dodgy insolvency advisors who exploit people when they seek help to manage debt. AFSA is particularly concerned that those experiencing financial stress because of the economic impact of COVID-19 may be easy targets. "People who find themselves dealing with large debts for the first time as a result of COVID-19 may be tempted to turn to advisors who say they have a quick fix and lat...
Posted in: AFSA bankruptcy dodgyinsolvencyadvisors debt  

Financial Counsellors Welcome Funding Announcements - Financial Counselling Australia

Posted on 13 October 2020

Media Release 7/10/2020
Financial Counselling Australia has welcomed two key announcements made last night as part of the Federal Budget. The first measure will secure the ongoing pay of financial counsellors employed by a number of charities and community organisations. The Government will provide $132.6 million over three years to social services, including financial counsellors, impacted by the end of the Social and Community Services Special Account (SACS). This account was set up to...
Posted in: Financial Counselling Australia FCA financial counselling  

Government-led Senate Committee backs strengthening consumer protections for predatory payday loans and high-cost leases

Posted on 23 September 2020
MEDIA RELEASE CALC 22 SEPT 2020 A Senate Committee has handed down its final report on proposed reforms to payday loans and consumer leases in the National Consumer Credit Protection Amendment (Small Amount Credit Contract and Consumer Lease Reforms) Bill 2019 (No. 2), otherwise known as the SACC Bill. The Committee recommended the Government 'progress sensible reform and strengthen regulation in the area of small amount credit contracts and consumer leases'. The Committee also ...
Posted in: Australian Consumer Law Responsible Lending CALC Consumer Action Law Centre Rogue Lending Stop the debt trap Small amount credit contracts Payday loans Consumer leases  

FCA's CEO Fiona Guthrie - Opinion Piece in the Herald Sun - Dear Australia's Banks

Posted by SAFCA on 23 September 2020
Fiona Guthrie:   Now is the time for banks to focus on their customers financial wellbeing.

Read Fiona's opinion piece here:
 

 

Posted in: Banks Hardship FionaGuthrie financialwellbeing financial hardship Financial Counselling Australia  
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