Labor accuses Coalition of stalling its very own reforms to crack down on pay day loans

Labor accuses Coalition of stalling its very own reforms to crack down on pay day loans

Coalition-controlled Senate committee wants reform bill to be blocked – regardless of the reality it originated as government draft legislation

The Coalition was promising to reform loans that are payday which could attract extortionate prices of interest – since November 2016, but has did not help legislation to do this. Photograph: Suzanne Plunkett/Reuters

The Coalition is guaranteeing to reform payday advances – which could attract extortionate prices of interest – since November 2016, but has did not help legislation to take action. Read more…