national consumer credit protection act

• Bernard Kellerman

The way has been cleared for But Now Pay Later services to be regulated under national consumer credit laws, if recommendations from the Senate Economics Legislation Committee are followed. read more

• Ian Rogers

With retail sales of $18.4 billion attributed to the loosely regulated buy now pay later credit sector, the Australian Retailers Association is anxious that regulatory reforms will be, as prom.. read more

• John Kavanagh

Providers of low cost credit contracts, including buy now pay later companies, will have to hold a credit licence and comply with modified responsible lending obligations under proposed changes to the.. read more

• John Kavanagh

The government is almost certain to extend coverage of the National Consumer Credit Protection Act to buy now pay later providers if it follows the consensus view of the submissions to its consultatio.. read more

• John Kavanagh

A review of the Buy Now Pay Later Credit Code will focus on whether the code contains provisions that achieve broadly comparable consumer outcomes to the provisions of the National Consumer Credit Pro.. read more

• John Kavanagh

ASIC is revisiting its highly contested product intervention power for the first time since the law was amended to clear up ambiguity in the intervention provisions in the Corporations Act and the Nat.. read more

• John Kavanagh

The government has made a regulation under the National Consumer Credit Protection Act extending the exemption from responsible lending rules that applies to small business lending. read more

• John Kavanagh

A court has ruled that a lender seeking to avoid the provisions of the National Consumer Credit Protection Act by lending to a company “for no purpose genuinely connected to its normal business” engag.. read more

The Senate accepted a government motion yesterday to defer debate on the National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2019, which largely removes responsible lendi.. read more

• John Kavanagh

The Senate Economics Legislation Committee has split along party lines in its report on a bill to largely remove responsible lending rules from the National Consumer Credit Protection Act. read more

• John Kavanagh

A bill amending the National Consumer Credit Protection Act, which was introduced in the House of Representatives this week, includes protections for consumers taking out small amount credit contacts.. read more

• John Kavanagh

The government introduced two pieces of financial services legislation in the House of Representatives yesterday – a bill amending the National Consumer Credit Protection Act and another that includes.. read more

• John Kavanagh

Independent MP Andrew Wilkie introduced a bill yesterday amending the National Consumer Credit Protection Act that is identical to three bills already tabled. read more

• John Kavanagh

A leading institutional investor has put lenders on notice that the investment community will be watching carefully to see how they adjust their policies and processes in response to the removal of re.. read more

• Ian Rogers

Removing responsible lending obligations from the National Consumer Credit Protection Act is no simple business, and nonsensical as well. read more

• John Kavanagh

ASIC is taking finance company SIV Capital to court over alleged breaches of the National Consumer Credit Protection Act. read more

• Banking Day staff

Centre Alliance member of parliament Rebekha Sharkie has introduced a private member's bill to amend the small amount credit contract and consumer lease provisions of the National Consumer Credit Prot.. read more

• Bernard Kellerman

Changes to the National Consumer Credit Protection Act 2009, which became law in the first quarter of 2018, will have a noticeable effect on the credit card sector. read more

• Bernard Kellerman

ASIC has flagged Federal Court proceedings against Westpac, alleging the bank's automated loan approval system contravened the National Consumer Credit Protection Act's responsible lending provisions. read more

• Nathan Lynch of Compliance Complete

In the wake of the Australian Securities and Investments commission's landmark victory in its case against payday lender, The Cash Store, one of the questions being asked is whether the obligations of.. read more