Lewis allegedly still breaking the law. Share price collapses on debt report

Also read the following related articles:

* Major breaches of National Credit Act at Lewis furniture stores exposed

* National Credit Regulator takes aim at Lewis after claims of illegal action

Lewis Group’s share price is collapsing, and a report by David Woollam, Director of Summit Financial Partners, seems to be the catalyst.

This follows allegations that the furniture store have committed major breaches of the National Credit Act (NCA).

The Money Show’s Bruce Whitfield interviewed Woollam.

Scroll down to listen to the audio.

Lewis is one of the worst examples of exploiting people and taking advantage of their lack of financial literacy.

David Woollam, Director of Summit Financial Partners

I’ve done a lot of “mystery shops” in my life. The one at Lewis was horrifying.

David Woollam, Director of Summit Financial Partners

Extended warrantees at Lewis are mandatory and this is against the law.

David Woollam, Director of Summit Financial Partners

I blew the lid on this a month ago yet Lewis is still breaking the law.

David Woollam, Director of Summit Financial Partners

I have faith that the regulator will complete what I started.

David Woollam, Director of Summit Financial Partners

I’ve been campaigning for many years for this industry to reform itself.

David Woollam, Director of Summit Financial Partners

This industry has sacrificed sustainability for short-term profit.

David Woollam, Director of Summit Financial Partners

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