Relaxing responsible lending – the panacea needed?
Almost two weeks ago, the Internet was abuzz with emails flying around about the Government’s Consumer Credit reforms. It took many in the industry by
Almost two weeks ago, the Internet was abuzz with emails flying around about the Government’s Consumer Credit reforms. It took many in the industry by
Section 47(1) (a) of the Credit Act requires lenders and brokers to act “efficiently, honestly and fairly”. ASIC regularly claims lenders breach this section as
In a recent decision by the NSW Supreme Court, the issue of de-banking was considered. This is an issue that has been gathering momentum and
Blog on a new Consumer Compliance Bill recently presented in the UK Parliament. Yesterday, following an article published by Law-Now, the UK Government released “highly-anticipated
Do you have a .com.au domain name or similar for your website? If so, are you aware of the Media Release by the Australian Small
Last Friday, ASIC announced it has commenced prosecution proceedings against Lightspeed Finance Pty Ltd (“Lightspeed”) and its director for failing to comply with an AFCA
Mid-January, Treasury invited submissions on proposed NCCP Regulations requiring for Credit Repair and Debt Management companies to hold an ACL. Arguably aimed at consumers, it
If you have or are an authorised representative, you need to be aware of an important change to AFCA Rules. It started a few days
Last week, I was asked if I knew anything about how Privacy arrears listed with a Credit Reporting Body (“CRB”) could be updated. The lender wanted
As an industry representative, there’s been very little information on ASIC’s new levies and so the following should be of interest to ACL holders. If