Aussie gov’t announces “most significant” credit reforms in ten years
Aussie gov't announces "most significant" credit reforms in ten years CANBERRA, Sept. 25 (Xinhua) The Australian federal government has established so it would abolish lending legislation imposed on banking institutions throughout the international financial meltdown (GFC) to improve the movement of credit. Treasurer Josh Frydenberg announced on Friday that the federal government would move research responsibilities for loans from loan providers to borrowers, efficiently dumping accountable lending laws and regulations introduced during 2009 and inserting an "adrenaline shot" to the [...]
