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Bankers press Senate on responsible lending


Bankers press Senate on responsible lending
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The federal government is struggling to win Senate support to dump responsible lending laws, despite reassurance from National Australia Bank chief executive Ross McEwan that the proposed changes will not lead to more risky bank lending.
Bank chief executives have been at Parliament this week meeting senators to discuss the government’s proposed overhaul of credit rules, as well as how banks will deal with home and small business borrowers still hurting from social distancing rules and international border closures.
NAB CEO Ross McEwan says axing responsible lending laws won’t cause a jump in risky bank lending.  ....

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Chinese developers allegedly monitor locals on Australian island


Chinese developers allegedly monitor locals on Australian island
Zoe Zaczek and Brittany Chain For Daily Mail Australia
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Chinese developers who took over an Australian island allegedly listen to locals every move and have erected fences to close access to the beach.
China Bloom snapped up a portion of Keswick Island in Queensland s Whitsundays region for $20million on a 99-year lease almost two years ago.
The remaining 80 per cent of the island, 34km from the coastal town of Mackay, is national park.
But locals say the Beijing-backed developer has a stranglehold on tourism and has crippled their way of living.  ....

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