Business
Banking royal commission victims urge Treasurer Josh Frydenberg to keep responsible lending laws – ABC News
Witnesses who appeared at the banking royal commission join forces to plead with Treasurer Josh Frydenberg to stop proposed cuts to consumer protections, fearing…
Consumer advocates and banking royal commission witnesses who exposed their suffering at the hands of major banks are urging the Federal Government to stop the winding back of responsible lending laws, saying the change could lead to a debt crisis.
Key points:
- The Federal Government wants to make it easier for banks to lend money
- It will do this by winding back responsible lending laws implemented after the banking royal commission
- Victims say this will impact those most vulnerable to financial harm…
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