Government proposes changes to smooth the path for borrowers
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
The government has announced reforms to facilitate an increased flow of credit to households and businesses.
A key change will be that banks and other lenders will be able to rely on the information provided by borrowers, unless there are reasonable grounds for doubting it.
The current practice of “lender beware” will be replaced with a...
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