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Australia dangers ‘household debt catastrophe’ if responsible lending legislation scrapped

Australia dangers ‘household debt catastrophe’ if responsible lending legislation scrapped Customer teams state Coalition’s planned modifications would gain banking institutions and aggravate downturn in the economy’s effect on families as well as the vulnerable The Morrison government’s proposed changes to accountable lending rules would ‘remove critical customer protections and appropriate rights’, customer teams warn. Photograph: Bloomberg via Getty Images.The Morrison government’s proposed changes to responsible financing regulations would ‘remove critical customer protections and appropriate rights’, customer teams warn. The government’s […]