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Five ways women can escape financial abuse
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Five ways women can escape financial abuse
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Australians filed some 31,000 complaints about lending products after the banking royal commission, according to new CHOICE analysis.
The consumer advocacy publication issued those findings in a last-ditch attempt to argue in favour of responsible lending regulation, which could be repealed within days.
A report from the Senate Standing Committee on Economics, released Friday, broadly supported the rollback.
Australians have filed some 31,000 complaints about lending products since the banking royal commission began, according to new CHOICE analysis released days after a Senate committee recommended the rollback of responsible lending legislation.
In a new statement, CHOICE says it has tallied thousands of complaints made to the Australian Financial Complaints Authority (AFCA) since 2018, with borrowers raising issues with mortgages, personal loans, and credit cards.