Select committee recommends clauses be added to the Credit Contracts Legislation Amendment Bill prohibiting lenders peddling 'high-cost' consumer debt from charging compound interest

Select committee recommends clauses be added to the Credit Contracts Legislation Amendment Bill prohibiting lenders peddling 'high-cost' consumer debt from charging compound interest

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GOOD , we need to do everything to protect uneducated and /or financially illiterate people from loan sharks , and an IN -DUPLUM rule would be good for us .