Without better debt information, Australia risks a mis-selling scandal

Seven years ago, Australia’s Hayne Royal Commission exposed eye-watering misconduct in the design and distribution of many financial products. The government’s response was to require banks and insurance firms to provide consumers with more information about what they are offering, known as product disclosure statements. The Australian Securities and Investments Commission (ASIC) outlines principles for…

Canadian bishops call for debt relief for poor countries

The Canadian Bishops’ pastoral letter also calls for ecological justice (CCCB) Faith-based organisations are commending a new pastoral letter from the Canadian Conference of Catholic Bishops pressing the Global North to wipe out low-income countries’ crippling debt and consider the ecological burden it has placed on the Global South. Source: NCR Online. “Forgive us…

Montreal woman is worried about husband’s gambling addiction — now he owes $1.1M. Ramsey Show hosts said to do this ASAP

A Montreal woman called The Ramsey Show for advice about her husband’s gambling addiction that is threatening to ruin their finances. It’s common for spouses to combine finances — but sometimes, even when you keep your money separate, one partner’s bad habits can impact the other’s financial future. Such is the case for Sarah from…

Debt helpline demand surges to 6-year high

Housing stress has ranked among the biggest problems for Australians calling the National Debt Helpline, as demand for support continues to rise. Demand for support via the National Debt Helpline has reached a six-year high, with more than 168,000 people reaching out for support during the 2024–25 financial year, making it the free service’s biggest…