Financial counsellors: Don’t abolish responsible lending laws

Financial Counselling Australia has attacked the Morrison Government’s planned axing of responsible lending laws, claiming the changes will plunge consumers deeper into debt:

A report by peak body Financial Counselling Australia found the vast majority of counsellors surveyed want the laws to stay and have used them to get better outcomes for clients drowning in debt.

Financial counsellor Kane Johnson, who works on the National Debt Helpline, said the seriousness of the situation could not be clearer.

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