Greater Credit Protection for Victorian Consumers

Source: Victoria. Minister for Consumer Affairs. Media Release

"Victorian consumers will be given greater protection with new laws set to toughen the way credit providers are scrutinised.The Minister for Consumer Affairs, Tony Robinson, said the Consumer Credit (Victoria) and Other Acts Amendment Bill, introduced into Parliament, would force all credit providers to be part of a registration system designed to help consumers make more informed decisions about who they seek loans from. “All credit providers will also be required to be members of an External Dispute Resolution scheme to ensure consumers can quickly resolve disputes with credit providers through an independent body,” Mr Robinson said."