The big banks are pitching the planned rollback of responsible lending laws will help customers, saying it will lead to faster loan approvals by cutting the amount of detail consumers must provide on their living expenses. In a move that is opposed by the federal opposition, consumer groups, and unions, the federal government is proposing changes that would mean banks are no longer subject to responsible lending obligations. To read the entire article by Clancy Yeates in the Sydney Morning Herald, please click here.


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