Lenders have given no indication that responsible lending obligations have clogged the supply of consumer credit, an ASIC commissioner has said, as the regulator eagerly awaits the fate of the laws.
More than half (55 per cent) of Tasmanian households with a mortgage are in financial distress, according to new data from consumer advocate group CHOICE.
The government said that it would continue to work with the Senate crossbench on responsible lending reforms after senator Jacqui Lambie said she would not support the repeal of the obligations.