Tag: Australian Consumer Law

Banking & Finance

Legal

Meeting regulator expectations for responsible lending

Since the commencement of the Royal Commission into banking misconduct in late 2017, the public’s gaze has been firmly fixated on the behavior of major lenders. Now, more than ever, consumers are acutely conscious of their rights and of what constitutes appropriate practice. In such a climate, maintaining organisational integrity and compliance with Australia’s robust…

20 Dec 2018, by Amy Sarcevic

Banking & Finance

Legal

Defusing the ‘mortgage debt time-bomb’

The Australian financial marketplace is not short of legislation to protect consumers from predatory or irresponsible lending practices. The National Consumer Credit Protection Act 2009 provides a comprehensive set of legal guidelines requiring lenders and brokers to make reasonable, verified enquiries to ensure that consumers can comply with their financial obligations if the loan is…

9 Nov 2018, by Amy Sarcevic

Business

How well is the ACL serving Australian consumers?

In March 2016, Consumer Affairs Ministers throughout Australia and New Zealand began a twelve-month review of the Australian Consumer Law – in a bid to better protect Australian consumers. The review sought to future-proof the law against new and emerging issues and in doing so identified a set of reforms to improve the operation of…

18 Apr 2018, by Amy Sarcevic