Australian banksAustralian PoliticsAustralian Property

One Nation blocks Frydenberg’s irresponsible lending reforms

Leith van Onselen
Friday, 21 May 2021
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As we know, the Hayne Banking Royal Commission’s first recommendation was to maintain responsible lending laws:

Hayne royal commission recommendation 1

Source: Hayne Banking Royal Commission Final Report.

The Hayne Royal Commission came to this recommendation after observing multiple cases of predatory lending over its 12 month deliberation.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.