Business
The Australian government has announced it will wind back responsible lending laws, making it easier to access credit – Business Insider Australia
In an effort to kickstart the economy, the Morrison government will axe responsible lending laws to make it easier to get a loan.
- The federal government is loosening credit restrictions in an attempt to encourage lending.
- On Friday Treasurer Josh Frydenberg announced the responsible lending laws would be would back, having become “an overly prescriptive, complex, costly, one-size-fits-all regime”.
- There is some anxiety over the consequences of encouraging greater lending during a recession.
- Visit Business Insider Australia’s homepage for more stories.
In an effort to kickstart the…
Continue Reading
-
Business23 hours agoThese 4 ASX mining stocks are rocketing as the rare earths boom intensifies
-
General20 hours agoBunbury man Stanley J Clemons sentenced for shooting neighbour’s dog
-
Noosa News23 hours agoLung cancer researchers identify ‘breakthrough’ patterns predictive of treatment success
-
Noosa News17 hours agoRoaring jet boats to return to Victoria for first time in 15 years