Simpler lending rules for home loans and credit to free up the economy

Treasurer Josh Frydenberg will overhaul bank lending rules to make it simpler to decide mortgages and credit card lending.

The promise to change irresponsible lending practices force the LNP to draw up a bill to put the reins on payday lending so that people aren’t simply caught up in the debt trap the LNP in their wisdom are cancelling that bill. Australians already carry am inordinate amount of personal debt an the government are about to increase that. Yes the talk about the abstract but divide peoples lives.

Customers will be promised faster access to loans under simpler rules that aim to free up credit and lift the economy by ending confusion over lending obligations for banks and finance companies.

Simpler lending rules for home loans and credit to free up the economy