Labor accuses Coalition of stalling its own reforms to crack down on payday loans

Coalition-controlled Senate committee asks for reform bill to be blocked – despite the fact it originated as a government draft legislation

Labor has accused the Coalition of failing to back its own plan to crack down on payday lending by opposing a bill designed to protect vulnerable Australians.

On Monday the Coalition-controlled Senate economics legislation committee called for the small amount credit contract bill to be blocked to give the government time to enact “sensible reform” – despite the fact it originated as a government draft bill.

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from World news | The Guardian https://ift.tt/3ck7sAG