Consumer Credit Legal Service (WA) is pleased to contribute to the Joint Consumer Submission to the Independent Review of the Code of Banking Practice. The submission addresses the following issues:
- Clearer guidelines on debt waivers
- Sale of add-on insurance products
- Joint accounts and debts on relationship breakdown
- Credit card interest rates
Read the full submission here: Code of Banking Practice Review
You can also read more about the submission in the Australian Financial Review article “Bank Code Should Limit Cross-selling: Consumer Groups”
CCLSWA advises clients on consumer credit issues and often in relation to banking practices. If you require advice with regard to consumer credit issues such as loans and guarantees, and believe that your lender may have breached the Code of Banking Practice, please call our advice line on (08) 9221 7066.