Report

The effectiveness of mandatory comparison rates: information, capacity and choice – first issues paper

23 Feb 2006
Description

One recent means of addressing the supposed asymmetry of knowledge between finance providers and consumers has been the introduction of mandatory comparison rates, which calculate the total cost of a fixed term loan, including interest and all fees and charges. Scott Ewing looks at Australian overseas research on schemes of this type and reports on the findings of a survey of credit providers, consumer advocates and consumers which looked at the effectiveness of the Australian legislation.

Publication Details
Published year only: 
2006
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