No time for new laws as ASIC tackles Cigno, again

Senator Slade Brockman adjusts his jacket

Committee chair Slade Brockman recommended the government "continue to diligently progress sensible reform and strengthen regulation" on small amount credit contracts and consumer leases. Image credit: Mick Tsikas/AAP

Predatory lenders are off the hook for now after a parliamentary inquiry rejected proposed legislation, but policy change for Service Australia's Centrepay service could cut access to millions of vulnerable Australians.[.....]

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