12 Oct 2018

Govt action on loan sharks not far enough for some

From Morning Report, 7:39 am on 12 October 2018

People who have found themselves at the mercy of predatory lenders say these companies are peddling misery and the government should be getting rid of loan sharks and truck shops altogether. The government has announced a crack down on lenders, with plans to cap interest and fees on high-cost loans, tougher penalties for rule breakers and introducing a fit and proper person test for lenders.