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Will changing lending laws see a debt disaster?

A soaring property market combined with a federal government looking to wind back safe lending laws is set to spell a “recipe for disaster”, according to industry experts.

New south walesAlan kirklandCameron micallefKaren coxPhilip loweWhile reserve bankConsumer action law centreFinancial rights legal centreConsumer action law centre gerard brodyReserve bankSouth australiaபுதியது தெற்கு வேல்ஸ்ஆலன் கர்க்‌ல்யாஂட்கேமரூன் மிக்களிலேப்கரேன் காக்ஸ்பிலிப் குறைந்த

Consumer groups slam Senate report on lending laws

Several consumer groups have condemned the Senate committee’s backing of the repeal of RLOs, calling it a “recipe for economic disaster”.

Alan kirklandKaren coxGerard brodyFiona guthrieAnnie kaneLabor partyConsumer action law centreFinancial rights legal centreNational consumer credit protection amendmentSupporting economic recoverySouth australiaFinancial counselling australiaElite brokerAdviser liveஆலன் கர்க்‌ல்யாஂட்கரேன் காக்ஸ்

Brakes on loans more likely than not as house prices rise, says ANZ boss

The bank chief said property prices would remain “well supported,” which could ultimately force policy interventions to cool the market.

Karen coxFinancial rights legal centreகரேன் காக்ஸ்நிதி உரிமைகள் சட்டப்பூர்வமானது மையம்

Fears of a debt disaster as property market runs hot and changes to safe lending laws loom

Fears of a debt disaster as property market runs hot and changes to safe lending laws loom Posted FriFriday 12 MarMarch 2021 at 7:24pm Before the global financial crisis, Jacob wanted to develop his then property in the Tweed Valley into a tourist lodge but the bank repossessed it. ( Print text only He wanted to develop his then property in the Tweed Valley into a tourist lodge. But in November 2009, he had a serious accident on the farm tractor and could not work. He asked his lender at the time who he had taken a high-risk low-doc loan from to let him defer mortgage repayments until he could resume work.

Western australiaNew south walesKatherine templeNick mckimTerri unwinNassim khademJosh frydenbergHelia singhKaren coxShane oliverConsumer action law centreBank governor philip loweAustralian financial complaints authorityInvestment commissionFinancial rights legal centreTweed valley

Brakes on loans more likely than not as house prices rise, says ANZ boss

Brakes on loans more likely than not as house prices rise, says ANZ boss
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Karen coxFinancial rights legal centreகரேன் காக்ஸ்நிதி உரிமைகள் சட்டப்பூர்வமானது மையம்

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