Consumer policy news and updates from Consumers Federation of Australia members, regulators, policy makers, researchers and others. Extracted from the Federation’s latest newsletter: SUBSCRIBE HERE
Consumer advocates welcome ASIC intervention in Short Term Credit Market
Consumer advocate groups have welcomed ASIC's announcement that it will consult on using new Product Intervention Powers to intervene in the short term credit industry.
Regulator slams ‘junk insurance’ sold by banks as Aussies demand over $2 million in refunds
A recent ASIC report confirms that consumer credit insurance, commonly tacked on when taking out a loan or credit card, is junk.
Telecommunications Consumer Protection Code Inadequately Protects Consumers: Consumer Groups
The revised Telecommunications Consumer Protection Code fails to adequately protect telco consumers, according to consumer groups.
New Banking Code Compliance Committee open for business
From 1 July 2019, the new Banking Code Compliance Committee will monitor banks’ compliance with the 2019 Banking Code of Practice.
Public comment invited on standard for demand response between remote agents and electrical products
Demand response aims to ensure stable energy during times of peak demand to avoid disruptive power outages. Standards Australia is inviting Public Comment on demand response standards by 6 August.
CPRC Research Report: A Day in the Life of Data
Consumer Policy Research’s Centre's latest report – A Day in the Life of Data – illustrates the bewildering volume and scope of data collected about consumers just as they go about their daily lives.
Check the safety of electrical products – does it have this mark?
Consumers have a right to be electrically safe when they buy electrical products, despite the enormous growth in online stores.