What are the regulations around payday loans in Australia?
Can you provide details on the laws and regulations that govern payday loans in Australia?
Category: Banking & Finance
Location: Carolina
Location: Carolina
Answers
Payday loans in Australia are regulated by the National Consumer Credit Protection Act 2009, which caps fees and interest rates that lenders can charge.
6 months ago
Lenders are also required to assess the borrower's ability to repay the loan and provide clear, upfront information about the loan terms.
6 months ago
Related Questions
- Resign First or Lodge Fair Work Claim?
- Can I Claim Costs After a Discontinued Prosecution in Queensland?
- Compensation for Stolen Curtains from Rental Property - NSW
- Brisbane Accident - Recovering Additional Car Value from At-Fault Driver Through QCAT?
- What are the immediate steps the employee can take to respond to the injunction order and prepare for the show-cause meeting, even without a lawyer?
- What recent changes have occurred in work claims legislation?
- What are the rules for exporting goods from Australia?
- How can businesses ensure compliance with Australia's trade laws?
- What are the penalties for violating trade laws in Australia?
- How do Australian businesses navigate export controls and sanctions?
- View all answers