Responsible lending law reforms to boost credit
By Ann Wen · 25 September 2020 · Featured
By Ann Wen · 25 September 2020 · Featured
The Federal Government has made a major announcement to shake up responsible lending laws, but what does it mean for your wallet? Find out how these changes could impact your access to credit and your financial future.
The Federal Government has announced changes to responsible lending laws in the hopes of boosting Australia's flow of credit. Under the changes, consumers will be able to access credit more easily and quickly. Whilst responsible lending provisions do not apply to small business lending, these reforms have a large impact upon household credit. "As Australia […]