In 2019, the Australian Banking Royal Commission acted on the growing complaints against car dealers who sign up customers for loans they can’t afford to pay. In his final report, Royal Commissioner, the Hon Kenneth Hayne AC QC, who led the year-long probe of the faulty financial service practices, recommended the abolition of the Point of Sale (POS) Exemption. Consumer advocates welcomed the Royal Commissioner’s report exposing the predatory selling practice. Many believe the POS exemption was a “loophole” that has allowed not a few car dealers to offer auto loans even without proper assessment of the customer’s financial capability. …
Month: March 2021
Feed
- The Influence of TikTok on Political DiscourseA Deep Dive into Social Media’s Impact on Politics and Finance TikTok has emerged as an unexpected player in shaping public opinion on political and financial matters. With millions of users worldwide, TikTok’s reach extends far beyond the realm of entertainment, influencing discourse on matters of global significance. In this article, we will delve into […]
- House Reps. Introduce TICKET Act to Force Ticket Sellers to Disclose Base Price and FeesUS lawmakers recently introduced the TICKET Act, which aims to force ticket sellers to display upfront and at point of sale, all fees imposed as charges. The bipartisan bill formally titled as “Transparency In Charges for Key Events Ticketing” (TICKET) Act came around after the sale of Taylor Swift’s Era Concert Tour became “the last […]
