Australia scraps responsible lending laws
The Australian government has axed responsible lending laws in "the most significant reforms to Australia's credit framework in a decade".
Australian treasurer Frydenberg has watered down rules for the nation's banks, making lenders subject to less onerous oversight.
The Aussie government is keen to boost lending after Australia's first recession for nearly 30 years.
According to the Australian Financial Review, a slashing of red tape will remove the Australian Securities and Investments Commission...MORE»
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