QCOSS is calling for greater state government support for the program so people did not find themselves in a'debt spiral'through payday lenders at an already tough time.
The adequacy of responsible lending laws in protecting consumers needs be reviewed after a test case has revealed some likely gaps in the law.
It’s crucial you don’t come out of this COVID-19 crisis with a monster credit card balance and undo all your good work.
The problems at Members Equity are just an early warning of much bigger challenges for banks and their customers in the months ahead.
Redraw is a huge risk. Instead,you need the protection of a real offset account.
There is mounting pressure for the regulator to step in and police the buy now pay later sector as economic downturn bites.
Many borrowers mistakenly believe Lender's Mortgage Insurance protects them if they default on a loan but only the lender benefits.
Payment'holidays'are widespread but there still may be a few traps for the unwary with other bills
Financial counsellors are warning bushfires and the unfolding coronavirus pandemic could cause a surge of desperate people taking out predatory loans.
Home lending startups say they will need to use traditional methods of collecting customer data,including'screen scraping',during the transition to open banking.
The payments giant says Australia needs a national digital ID to speed up processes for fintechs.