Report
The effectiveness of mandatory comparison rates: information, capacity and choice – final paper
Publisher
Consumer protection
Mortgages
Interest rates
Australia
Resources
| Attachment | Size |
|---|---|
| The effectiveness of mandatory comparison rates: information, capacity and choice – final paper | 731.58 KB |
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
Access Rights Type:
open
Post date:
23 Feb 2006
