Lending reforms smashed by consumer groups but backed by business – The New Daily

Treasurer Josh Frydenberg’s decision to scrap responsible lending laws introduced after the GFC has met with a mixed response from consumer advocates and business groups.
In yet another pre-Budget policy announcement, Mr Frydenberg on Friday revealed a raft of lending reforms to make it easier for consumers and small business owners to get bank loans.
Notably, the reforms would remove most of the responsible lending obligations from Australia’s national credit act as part of a broader shift fr…

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