Criminal mortgage push crucified by consumer groups

Monday 23 November 2020

At the AFR:

A submission to the government’s inquiry into the planned law changes from a range of groups, seen by The Australian Financial Review, says it is impossible to provide constructive feedback to proposals for change that are “fundamentally defective”.

Organisations behind the submission include the Consumer Action Law Centre, Choice, Financial Counselling Australia, Financial Rights Legal Centre and the Consumer Credit Law Service.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.