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It's about to become easier to lend irresponsibly, to help the recovery

  • Written by Jeannie Marie Paterson, Professor of Law, University of Melbourne
It's about to become easier to lend irresponsibly, to help the recoveryKittisak Jirasittichai/Shutterstock

What used to be known as a requirement to lend responsibly is now regarded as red tape.

The National Consumer Credit Protection Act introduced by the Rudd government after the global financial crisis introduced responsible lending obligations that required lenders to ensure the loans they were offering were “...

Read more: It's about to become easier to lend irresponsibly, to help the recovery

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Writers Wanted

As universities face losing 1 in 10 staff, COVID-driven cuts create 4 key risks

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Birthdays, holidays, Christmas without mum or dad: how to support kids with a parent away fighting fires

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With polls showing Labour could govern alone, is New Zealand returning to the days of 'elected dictatorship'?

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