Thought we'd share this fascinating piece from AFR. It's called 'Predatory and unscrupulous': MP targets payday lenders.
There's some important points to be tackled here. This one, in particular, is something that we thought should get some attention:
While small amount credit lenders and consumer lease providers play an important role by providing credit to consumers who, in many instances, are unable to access mainstream forms of finance, the government will not stand for predatory behaviour by lenders.
The government is currently considering public submissions on the final reforms to ensure the right balance is struck between ...