How the 'Off-Broadway royal commission' will turn up the heat on the financial industry

A Senate inquiry will examine payday lending, buy-now-pay-later firms and credit repair agencies

Public hearings for the banking royal commission may have wrapped up last month, but another important financial inquiry is about to kick off.

As the Age journalist Adele Ferguson has pointed out, consumer groups are calling it the “Off-Broadway royal commission” because it will focus on troubling elements of the financial industry that avoided the royal commission’s glare: payday lending, buy-now-pay-later firms and credit repair agencies.

Continue reading...

from The Guardian https://ift.tt/2ruhQ2a
via
0 Comments