🪓 Responsible lending laws to be axed... скачать в хорошем качестве

🪓 Responsible lending laws to be axed...

00:00 Responsible lending laws to be scrapped. 00:17 What is responsible lending? 00:55 Responsible lending legislation. 01:50 What do lenders need to do to fulfil their responsible lending obligation? 02:43 What would a world without responsible lending look like? 03:58 What impact will the removal of responsible lending have on the market? 07:39 A word of warning. 07:54 Things you should do to so you're not caught in the trap. Get Your Home Loan. Easy! If you're looking for a mortgage broker and live in Australia, we can help! Visit us online https://www.huntergalloway.com.au/​ Or call us on 1300 088 065 Breaking news!!! Responsible lending law to be removed! The senate report says “The committee notes that a well-functioning credit market is essential for economic growth generally, and for Australia’s recovery from the COVID-19 pandemic specifically. “The committee agrees that the current consumer credit protection framework is potentially overly prescriptive and that regulatory duplication between the responsible lending obligations, under the Credit Act, and the prudential standards issued by APRA could be an issue.” ... “concerned by evidence that the regulatory framework has resulted in consumers being unable to access credit in a timely manner to buy their first home or to obtain a grant under the HomeBuilder scheme”. And that the “onerous nature of the inquiry and verification processes required under the existing responsible lending obligations”. “The committee notes the key concerns with the proposed reforms raised by inquiry participants, both through their submissions and at the two public hearings held in Canberra. “The committee is of the view that these regulatory changes will not undermine consumer protections and that the principal of 'responsible lending' is deeply embedded in Australia's broader regulatory framework, which credit providers and credit assistance providers must still operate within and comply with. “Additionally, the committee notes the vital role that AFCA plays in the efficient resolution of complaints and redress for consumers who need it. It is a free, fast and independent dispute resolution scheme, which improves the level of support and outcomes for consumers, especially those who are in substantial hardship. The committee suggests that the government continue to raise awareness of and promote the dispute resolution services available through AFCA, with an ongoing focus on continual improvements of AFCA’s processes and services.” “In addition to protecting vulnerable members of the community, the committee believes the reforms proposed by the government will promote financial inclusion through the introduction of a new protected earnings amount and a cap on costs for consumer lease. “The committee believes these reforms will reduce the risk that consumers are unable to pay for their basic needs, or will default on their other commitments." DISCLAIMER: This video offers no Legal, Financial and Taxation advice, and the information contained is general and does not take into account your personal situation. The Listener acknowledges, consents and agrees to the viewing of the content presented on the Channel is subject to the full Disclaimer (below) and agrees to be unconditionally bound by this Disclaimer. Full Disclaimer here – https://www.huntergalloway.com.au/you...