Markets

‘Disaster written all over it’: Watering down lending laws will see banks trample customers for profit, consumer advocates warn

Consumer advocates have sounded the alarm over the Morrison government’s planned changes to wind back responsible lending laws. Some slammed it as “a short-sighted fix”, putting individuals at risk of becoming over-leveraged in a “flailing economy”. Others questioned whether the government had not learnt the lessons of the Hayne Royal […]
‘Disaster written all over it’: Watering down lending laws will see banks trample customers for profit, consumer advocates warn
Tech

Apple might finally let iPhone and iPad users change their default internet and email apps, according to a new report

Apple’s iPhone and iPad have always locked users into Apple’s default apps for fundamental services like email and web browsing. People could always download rival third-party apps, but the default apps launched for fundamental services would defer=”defer”to Apple’s native apps. That long-held standard may finally be changing, according to a […]
Apple might finally let iPhone and iPad users change their default internet and email apps, according to a new report
News

An Ikea fridge scored a Shonky Award for being terrible at keeping food cold – find out which other companies were similarly dishonoured

Consumer advocacy group Choice has revealed the 2019 winners of its Shonky Awards. The awards name and shame companies and industries which have either “ripped off” or “misled” Australians. Ikea’s Nekyld fridge made it onto the list, along with AMP Superannuation and electronics seller Kogan. Consumer advocacy group Choice has […]
An Ikea fridge scored a Shonky Award for being terrible at keeping food cold – find out which other companies were similarly dishonoured
Markets

Australia’s corporate regulator is investigating children’s bank accounts

ASIC announced a review of primary school banking programs. CBA’s Dollarmite program was recently awarded a Choice Shonky Award for its relentless marketing to children. And a Fairfax Media investigation earlier this year found that thousands of children’s accounts were fraudulently set up by retail branch staff as part of […]
Australia’s corporate regulator is investigating children’s bank accounts
News

There’s now an app to check how ‘free-range’ your eggs really are

Consumer lobby group Choice is taking its fight over the stocking densities used by free-range egg producers to the smartphones of consumers, launching a free augmented reality app so shoppers can check the bona fides of any claims. A meeting of Australia’s consumer affairs minister agreed to a national standard […]
There’s now an app to check how ‘free-range’ your eggs really are