Tag: debt slavery

Why is the Coalition trying to abolish a valuable safeguard for consumers? | Australian economy | The Guardian

Why is the Coalition trying to abolish a valuable safeguard for consumers? | Australian economy | The Guardian
Prime minister Scott Morrison and treasurer Josh Frydenberg.
PM and Treasurer of Debt Slavery under the guise of Recovery

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

Credit card bankruptcies could be the next banking scandal – ABC News (Australian Broadcasting Corporation)

Australia’s major banks may have been breaching responsible lending obligations with inappropriate credit card limits, sending many people bankrupt.

Source: Credit card bankruptcies could be the next banking scandal – ABC News (Australian Broadcasting Corporation)