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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 DRAFT - March 2008 

Debt Stress Report (1MB PDF)

Debt Stress Q & A
Latest Articles
Minister for Superannuation & Corporate Law PRESS RELEASE

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

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Bank Workers Call for Regulation of Lending Practices Tuesday, 1 April 2008

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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Staff pressured to continue to sell debt as banks hike interest rates Monday, 7 January 2008

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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Home Lending Report fails to address Debt Pushing crisis Monday, 17 September 2007

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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