Save safe lending: RLC calls for action on consumer credit reform
RLC and the Economic Abuse Reference Group (EARG) have made a number of written submissions to parliament expressing grave concerns about proposed government reforms to responsible lending.
On Friday 26 February, EARG members appeared before the Senate Economics Legislation Committee to discuss the impact of the reforms for victim-survivors of economic abuse. RLC’s Financial Abuse Service NSW coordinates the EARG chapter in NSW.
The parliamentary inquiry was the result of advocacy by RLC and a coalition of more than 100 other concerned organisations, in response to the September 2020 announcement by government about plans to wind back responsible lending protections.
EARG representatives who appeared before the Senate Committee included staff from RLC's Financial Abuse Service NSW and WEstJustice.
"Our position is we already have a law that works... We are strongly of the view that we should not be weakening the current system," RLC's Financial Abuse NSW team leader, Laura Bianchi said.
What you can do
In March, an open letter against the changes was delivered to parliament signed by over 33,000 people and 125 organisations, including RLC.
Parliament is now anticipated to vote on the Bill in May. The more community sector voices the crossbench Senators hear from, the greater chance they will block the legislation. Visit the ‘Stop the Debt Disaster’ website to learn how you can help stop the removal of these important protections.
Key Senators to voice your opposition to this Bill are below:
- Senator Stirling Griff - email@example.com
- Senator Rex Patrick - firstname.lastname@example.org
- Senator Jacquie Lambie - email@example.com
- Senator Pauline Hanson - firstname.lastname@example.org
- Senator Malcolm Roberts - email@example.com
A short email asking Senators to vote against the National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020 will go a long way. Your email can briefly state:
- Which organisation you are representing
- Talk about the impacts this legislation will have on people that you assist
- Clearly state that you want the Senator to vote against the legislation to axe responsible lending laws.
Find RLC's submissions, along with the Economic Abuse Reference Group's submission, below.
RLC Submission (February 2021)
RLC Submission (November 2020)
Economic Abuse Reference Group (EARG) Submission (February 2021)