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None of the justifications for weakening bank lending standards quite makes sense

  • Written by The Conversation

The budget plan to scrap Australia’s decade-old responsible lending obligations warrants detailed examination.

It is hard to see how the stated reasons for easing what’s asked of banks and other lenders make much sense, and the timing is strange.

Introduced in 2009, the responsible lending obligations made it illegal to offer credit...

Read more: None of the justifications for weakening bank lending standards quite makes sense

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