National urged to tackle lending that is payday customer lease ‘sharks’

National urged to tackle lending that is payday customer lease ‘sharks’

Tips:

  • Customer leases can easily see clients spend much more than products are worth, and loans that are payday high interest levels
  • A 2015 review made a number of strategies for changes to rules, but customer teams are frustrated the national government has yet to legislate modifications
  • The us government has told the ABC the legislation will undoubtedly be introduced and debated this present year

A coalition of customer teams, including Selection, customer Action Law Centre and Financial Counselling Australia, come in Canberra right now to lobby for urgent legislative modifications.

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