Business
Report warns responsible lending law overhaul could leave people ‘drowning in debt’ – ABC News
Financial counsellors predict everyday consumers will feel the impact of debt and irresponsible lending for years if the Government goes ahead with plans to wind…
Financial counsellors predict everyday consumers will feel the impact of debt and irresponsible lending for years if the Government goes ahead with plans to wind back responsible lending laws.
Key points:
- Planned changes would put onus on consumers to make sure they can repay loans
- The banking royal commission recommended the laws be left unchanged
- Financial counsellors have reported people in grim situations, even with current protections
A report by peak body Financial Counselling Australia found…
-
General12 hours agoWondering about winter | The Spectator Australia
-
Noosa News20 hours agoOz Lotto’s $70 million jackpot won by Queensland syndicate – but not all of the winners know yet
-
Noosa News19 hours agoMan charged with murder after wife found dead in suspicious house fire near Toowoomba
-
Noosa News17 hours agoCameron Hunt, 45, charged with murder after body of his wife Louise Hunt found inside their Geham home just outside Toowoomba