Resource Details

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Title

End the Payday Debt Trap

Abstract

The campaign informs people about the myths around pay day lending and encourages individuals and community organisations to take action. It is based on research findings that demonstrate that high cost loans exploit vulnerable consumers.

The campaign encourages submissions to the parliamentary inquiries considering proposed legislation that will cap the interest on payday loans.

The Consumer Credit and Corporations Legislation Amendment (Enhancements) Bill 2011 (the BIll) is being investigated by two committees; the Parliamentary Joint Committee on Corporations and Financial and the Senate Economics Committee.

CLC/Agency Consumer Action Law Centre
URL http://consumeraction.org.au/
Alternate URL http://debttrap.org.au/
Categories Click to expand[+]
 
Area of Law
  • Consumers
  • Debt and credit
Audience
  • Consumers
  • Federal government
  • General public
Jurisdiction
  • Commonwealth
  • NT
  • SA
  • TAS
  • VIC
  • WA
Method of Delivery
  • Campaign
  • Media campaign
  • Research, survey or needs analysis
  • Submission
  • Website, social media or application
Project Type
  • Community Legal Education
  • Law Reform
Project uploaded to CLEAR 12th October 2011
Contact Person Sarah Wilson
Contact Position Senior Campaigner
Contact Email sarahw@consumeraction.org.au
Contact Phone (03) 8554 6915
Evaluation Not Stated
Notes

As this project has exceeded its review date it is recommended that the author/auspicing agency be contacted to confirm the currency of the information provided. 

Sponsor / Partner Agencies

Consumer Credit Legal Centre NSW, Financial Counselling Australia

Review Date 12th October 2012

Disclaimer: Laws and policies are often changing. We encourage you to check the currency of any laws or policies referenced in the above CLEAR project.

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