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Predatory lending floodgates to open if credit laws aren’t tightened, warn consumer advocates

Consumer advocates are worried loopholes in the laws governing loans could open the floodgates to predatory lending for millions of vulnerable Australians.

by | 27 Jan, 2022

Predatory lending floodgates to open if credit laws aren’t tightened, warn consumer advocates

The focus is on payday lenders — which offer short-term loans to help customers pay the bills before their next pay cheque.

Read more at ABC News

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