New code brings commonsense to lending - FSF
Lenders are happy the new Responsible Lending Code has landed with no nasty surprises.
The new code is the guidance part of the Government’s changes to the Credit Contracts and Consumer Finance Act.
The government is reforming financial services to improve access to home loans and other lending, and strengthen customer protections.
Under the first phase of the reforms, lenders will still have to act responsibly and ensure lending will not cause hardship...MORE»
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