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

  • Written by The Conversation
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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