Major bank CEOs call on government to ease lending rules from warning vore by Watch Video

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✓ Published: 02-May-2024
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Banks are calling for an easing of responsible lending laws introduced after the Royal Commission. The stricter rules are aimed at protecting consumers but advocacy groups are warning against making changes.

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The CEOs of the big banks are calling on the Federal Government to ease responsible lending rules put in place after the banking Royal Commission and aimed at protecting borrowers. But consumer groups are warning against changes as new data reveals the number of people in mortgage hardship is reaching crisis levels.
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