‘Borrower beware’ of new responsible lending laws

Treasurer Josh Frydenberg wants to make it easier for consumers to obtain loans.
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More than 120 consumer, legal and other associations and almost 100 “prominent individuals” have signed an open letter to MPs urging them to reject a bill that would axe important borrower protections.Treasurer Josh Frydenberg’s decision to overhaul the National Consumer Credit Act is an attempt at making it easier for consumers to obtain loans and spur growth as the economy slides into recession.

‘Borrower beware’ of new responsible lending laws

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