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Debt Stress


There is a growing emphasis by finance industry management on tying remuneration outcomes, even minimum pay adjustments, to sales targets in a community that is swimming in debt and facing rising interest rates.

FSU has launched a Debt Stress campaign to highlight one of the major negatives members have about their jobs, the pressure to meet sales targets. 

FSU is highlighting members desire to provide professional services to the community, something that is compromised by management’s persistent demand for sales volumes.

Finance Sector Union - Charter of Responsible Lending - Adopted by NEX 

Debt Stress Report (1MB PDF)    Debt Stress Q & A   

Debt Stress information flyer & sample letters

Latest Articles

The Federal Government has released its new Consumer Credit Bill for consultation this week with many of the key elements of the bill reflecting the FSU’s Charter of Responsible Lending. In fact, the key features of the proposed...

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Finance Sector Union members share concerns being raised across Australia on the rising levels of debt in our community, the increase in mortgage defaults and the impact the global financial crisis is and will have on working families during this...

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Media Release   Bank workers have welcomed the Government’s $71 million plan for increased regulation in the lending sector, and called for an immediate review of the impact of incentives on responsible lending.   The...

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Media Release The Finance Sector Union has joined with policy think-tank The Australia Institute and Care Financial Counselling service to launch the Finance Sector Union’s Charter of Responsible Lending today in Canberra. Rod...

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COAG AGREE TO TRANSFER RESPONSIBILITY FOR ALL CONSUMER CREDIT TO THE COMMONWEALTH Click here to view press release

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Bank and finance company sales targets must be regulated to tackle debt stress and put a lid on spiraling consumer debt, according to a new report into lending practices to be released today by the Finance Sector Union (FSU). As the Reserve...

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Debt stress media blitz Wednesday, 5 March 2008

Judging by the comments passed on by members, a number of people have noticed the FSU commenting on the issue of debt stress on radio, television and in print.   The prime reason for entering the debate is to ensure the...

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The Finance Sector Union today called for bank customers to direct their ire in the right direction in the wake of the move by the major banks to increase interest rates. The union has called on the community to understand that it is not bank...

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The House Economics Committee on home loan lending has failed to address the problem of debt pushing by the big four Australian banks, choosing instead to target predatory lending practices from fringe lenders.   FSU Policy...

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