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End the Payday Debt Trap
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|
|Categories||Click to expand[+]|
|Project uploaded to CLEAR||12th October 2011|
|Contact Person||Sarah Wilson|
|Contact Position||Senior Campaigner|
|Contact Phone||(03) 8554 6915|
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.