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New Credit Card Internet Laws

Discussion in 'Money Management' started by Credit Mad, 15th Mar, 2011.

  1. Credit Mad

    Credit Mad New Member

    15th Mar, 2011
    Perth Australia
    In Australia new credit laws have been introduced to force any websites advertising or comparing finance products, including credit cards to abide by a new set of strict financial reguations. In order to compare credit cards with a website will now need to apply for a credit liscense the same as a bank, financial advisor or mortgage broker would need.

    By doing this the Australia government is hoping to make liable any website giving mis-onformation or not abiding by the new finance advertising laws. Do you think this is a good idea and should other countries follow suite, or is this another expample of government trying to interfere in the expansion of the world wide web.
    Last edited by a moderator: 17th Sep, 2016