Car loan providers investigated after buyers left with lemon cars and mounting debt
Loans are being approved without proper checks and used cars are breaking down soon after purchase.
Credit Cards and Loans
ASIC aims to put an end to Cigno as loan provider’s legacy lives on
The corporate regulator says it’s working to stop Cigno Australia’s predatory lending models for good.
Buy now, pay later products like Afterpay finally regulated
Consumer protections that apply to credit products will now apply to BNPL providers such as Afterpay, Zip and Humm.
Harvey Norman’s credit card deal through Latitude Finance misled consumers
A recent ASIC win highlights misleading interest-free offers.
Government signals it’s willing to ban debit card surcharges
Card payment costs are all over the shop, and they’re often not disclosed until it’s too late.
In the murky world of pawnbroking, the harms are well hidden
Consumer advocates say an inquiry into the industry is long overdue.
After her son’s death, this mum wants to help young people seek financial help
When Libby’s son died she discovered he owed thousands to different payday lenders.
Another predatory Cigno loan model banned for good
The ‘no upfront charge’ lending model has been shut down, freeing 150,000 Australians from further payments.
Sam was told he could be denied a home loan because he owed $2 on a credit card
Calls for reforms to credit reporting system after ‘unacceptable’ case.
Outback retailer stopped from causing financial harm to First Nations consumers
Urban Rampage had been using Centrelink’s automatic deductions platform to sell goods to remote communities.