Thu, 29th Feb 2024

This podcast episode, hosted by Paige Estritori of Financial Services Online, covers pivotal developments in Australian financial news. It discusses a major legal ruling against financial influencer, Canna Campbell, who was ordered to pay $113,791.50 for infringing the trademark of accountant and entrepreneur Rhondalynn Korolak. It also reports on a troublesome trend in the banking sector, where a 40% increase in violations of financial hardship protocols has been observed, with errors leading to significant financial impacts. The podcast further highlights a legal action initiated against Toyota Finance by Echo Law for alleged exorbitantly high interest rates charged due to "flex commissions" between 2010 and 2018. Lastly, listeners are reminded to be mindful of their finance choices and consider lenders offering lower and transparent rates.