Work to push through crackdown on payday lenders

Work to push through crackdown on payday lenders

Payday lending and customer renting in Australia could possibly be set for a shake-up, with work to introduce a bill that is new Monday.

The Liberal Government initially introduced legislation straight straight back in 2017 that could enforce stricter defenses for pay day loan clients under then-prime minister Malcolm Turnbull.

This legislation, called the National credit rating Protection Amendment, has since stalled, utilizing the C oalition saying that they would hold back until the banking commission that is royal make any modifications. (more…)

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