1. The Financial Services Industry
... National Protection Act 2009 establishes a single, standard, national system for the regulation of credit. As part of this, state and territory governments have adopted the National credit code, which improves consumer protection for a wide range of credit activities by requiring: credit transactions be standarised across Australia, responsible lending to ensure that consumers are not enticed ... predatory lenders, such as using household items as security for cash loans, lenders to truthfully disclosure all fees, commission and interest rates in a written contract. The code also protect...
- Word Count: 1272
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate