CCLSWA is pleased to have received contributions and endorsement from our WA CLC peak body, Community Legal Centres Association (WA) Inc; the peak body for financial counsellors, the Financial Counsellors’ Association of Western Australia; and Financial Counselling Network to our Response to the Banking Royal Commission’s Interim Report.

Our submission draws upon our experiences and incorporates case studies with emphasis on:

• Consumer Lending: duties and obligations of intermediaries; Financial Service Entities’ responsible lending obligations and verification of consumer expenses; Add-on Insurance; and Lenders Mortgage Insurance;
• Small and medium enterprises: Expanding the reach of the NCCP Act; and Guarantees;
• Regulation and the regulators: The resourcing and remit of ASIC.

Read our full response here.