Over 200 organisations and individuals across Australia have signed an open letter to federal parliamentarians, urging them to block plans to wind back responsible lending laws, in a bid to shield consumers from aggressive lending by financial institutions.
Signatories to the letter, launched on Nov. 24, include leading consumer advocates, charities, community, legal and family violence groups such as ACTU, CHOICE, ACOSS, Anglicare, as well as high-profile law professors, financial counsellors and witnesses of banking royal commission.