Business
Will The Empty Chair block Frydenprime? – MacroBusiness
Via the ABC: “Flabbergasted.” That’s the universal response I’ve been hearing from consumer rights advocates to the Federal Government’s proposed abolition of the responsible lending obligations. They simply can’t understand what the Government is aiming to a…
“Flabbergasted.” That’s the universal response I’ve been hearing from consumer rights advocates to the Federal Government’s proposed abolition of the responsible lending obligations.
They simply can’t understand what the Government is aiming to achieve by freeing banks from their legal obligation to check whether potential borrowers can afford to repay a loan before they are granted it.
Other than a free kick for the banks.
“As we learnt to our cost during the GFC, weaker lending standards me…
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