Mass household indebtedness is a key feature of financialized capitalism, driving insecurity and sustaining poverty around the world. Could a union of debtors join forces to agitate for the abolition of all consumer debt?Are Debtors the New Workers of the World?
Why is the Coalition trying to abolish a valuable safeguard for consumers? | Australian economy | The Guardian
The LNP is the jettisoning of responsible lending obligations (RLOs). The proposal to remove RLOs for much of consumer lending from the relevant legislation, under the guise of supporting economic recovery, and unsurprisingly supported by the banks, has provoked widespread opposition.Why is the Coalition trying to abolish a valuable safeguard for consumers? | Australian economy | The Guardian
Australia’s major banks may have been breaching responsible lending obligations with inappropriate credit card limits, sending many people bankrupt.