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Labor to push through crackdown on payday loan providers

Labor to push through crackdown on payday loan providers

Payday lending and customer renting in Australia could possibly be set for a shake-up, with work to introduce a brand new bill on Monday.

The Liberal Government initially introduced legislation straight straight right back in 2017 that will enforce stricter protections for cash advance clients under then-prime minister Malcolm Turnbull.

This legislation, called the National credit rating Protection Amendment, has since stalled, aided by the C oalition saying that they might hold back until the banking royal payment to make any modifications.