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Showing 1 - 10 of 21 results for %22Consumer Action Law Centre%22

CSLR chief executive named

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... currently chief executive at charity Way Forward Debt Solutions, and a non-executive director at the Consumer Action Law Centre. He has also previously held role at Advantedge Financial Services, NAB, and ANZ. "Berry brings extensive experience as an ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... efforts are made to eliminate attempts of wrongdoing," Motto said. It appears that ASIC and the Australian Competition and Consumer Commission (ACCC) would be only parties able to bring an action under certain provisions of the Corporations Act, Brynn ...

Consumer advocates criticise advice review

ELIZABETH MCARTHUR  |  THURSDAY, 3 FEB 2022
The Consumer Action Law Centre has concerns that the Quality of Advice Review draft terms of references forget Commissioner Hayne's findings on conflicted remuneration. In the centre's submission on the review's draft terms of references, it argued ...

DDO nil-reporting rule scrapped

KARREN VERGARA  |  THURSDAY, 16 SEP 2021
... clarity or definition from product manufacturers in relation to "significant dealing reporting" and wants ASIC to take action against products that failed to clearly define what a significant dealing is in relation to their specific product.

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... announced exemptions for the insurance industry in relation to Royal Commission reforms. According to the Consumer Action Law Centre, these exemptions allow the insurance industry to side-step the Royal Commission recommendations and are to the detriment ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... from a Ponzi scheme. ASIC could not comment on this issue as its action against Mayfair is ongoing. Consumer Action Law Centre chief executive Gerard Brody said AFCA could still hear some complaints about Mayfair, if investors were advised into Mayfair ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
... individuals and families at severe risk of being pushed into credit arrangements that will hurt in the long term. Consumer Action chief executive Gerard Brody agrees: "Leaving people with more debt they can afford is no way out of an economic crisis. ...

Debt vulture crackdown welcome

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... repair firms held to the kind of regulatory and ethical standards financial advisers are held to. The Consumer Action Law Centre wants these debt assistance providers to have membership with the Australian Financial Complaints Authority to be compulsory ...

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... be bleak. "I expect that in the next few weeks we will likely see some historically bad data reported - unemployment, consumer spending and business investment," he said. "This will be the major theme for markets. It is currently a fine-balancing act ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... firms do not align with good consumer outcomes," the report said. It pointed to a case study from the Consumer Action Law Centre which found that payday loan providers were putting written warnings at the very bottom of their websites, obscuring those ...
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