Responsible Lending Laws Threatened with the Axe
![](https://d1dbgh6ga9ets8.cloudfront.net/wp-content/uploads/2021/03/alexander-mils-lCPhGxs7pww-unsplash-685x368.jpg)
Yesterday, the Federal Government proposed legislation that threatens to axe responsible lending laws. This would make it easier for banks and lenders to offer quicker and larger loans. That’s a risk of higher debt.
With Australia still in recession and house prices rising, many have seen household debt as a big risk to the economy. We spoke to Consumer Action Law Centre’s Campaigns and Advocacy Advisor, Alycia Gawthorne, for more.