Published: March 21, 2019
Plan would enable 76,800 low-cost loans each year to those in financial hardship
Labor has pledged $60m for financial services that divert vulnerable borrowers from high-interest payday lenders.
The policy picks up on the recommendation of a Senate inquiry to expand no interest loans schemes to prevent low-income Australians being plunged into a cycle of debt due to unexpected expenses such as medical procedures and broken household appliances.
Continue reading...from The Guardian https://ift.tt/2Yfjcgo
via
0 Comments