Payday loans and rent-try-buy schemes are profiteering from poverty in Australia. Labor should be protecting the poor from the worst excesses of this industry Among the impassioned debates around asylum seeker policy,marriage equality and unfair international trade agreements that will occur at the Labor party conference this weekend, a less fashionable but equally important discussion will choose space approximately approximately financial regulation and how it affects the lives of the poor. The traditional party of egalitarianism will be asked to address prevailing economic inequities faced by Australia’s most vulnerable citizens ahead of a government review into payday lending planned for later this year. Continue reading...
Source: theguardian.com