Property News · March 27, 2017

Consumer advocates call for crackdown on irresponsible payday lending


Choice and other consumer advocates want stronger counselling services, no-interest loan schemes and better regulationConsumer advocates have urged the government to stamp out irresponsible payday lending by strengthening financial counselling services, funding no-interest loan schemes and urgently acting on a promise to better regulate the sector.An alliance of consumer advocates – including Choice, the Consumer Action Law Centre, Financial Rights Legal Centre and Financial Counselling Australia – will begin a lobbying effort in Canberra on Monday morning, attempting to pressure the government to act on the controversial payday loan sector. Continue reading…

Source : theguardian.com
Read more…Consumer advocates call for crackdown on irresponsible payday lending

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