Irresponsible lending

Irresponsible lending

image of Irresponsible lending

Treasurer Frydenberg is threatening to take an axe to our responsible lending laws.

These laws currently prevent lenders from selling unaffordable loans, saddling people with debt they will never be able to escape. 

Perhaps the Government's forgotten about the Global Financial Crisis, where people around the world became so over-indebted to lenders that they lost their homes.

Or the more recent Financial Services Royal Commission, which aired years of misconduct and irresponsible lending by Australia’s financial institutions.

Can you email your MP today and remind them what's at stake if our long-fought for responsible lending laws are axed?

 

Treasurer Frydenberg is threatening to take an axe to our responsible lending laws.

These laws currently prevent lenders from selling unaffordable loans, saddling people with debt they will never be able to escape. 

Perhaps the Government's forgotten about the Global Financial Crisis, where people around the world became so over-indebted to lenders that they lost their homes.

Or the more recent Financial Services Royal Commission, which aired years of misconduct and irresponsible lending by Australia’s financial institutions.

Can you email your MP today and remind them what's at stake if our long-fought for responsible lending laws are axed?

 

Email your MP

Treasurer Frydenberg's irresponsible lending laws are yet to be introduced in Parliament.

When senators and MPs return to Parliament on 6 October we'll need as many of them to stand up and call out this proposal for what it is – Australia’s Global Financial Crisis moment.

We cannot allow these laws pass and with them, a legacy of consumer harm and financial hardship.

Can you send your MP ...

Treasurer Frydenberg's irresponsible lending laws are yet to be introduced in Parliament.

When senators and MPs return to Parliament on 6 October we'll need as many of them to stand up and call out this proposal for what it is – Australia’s Global Financial Crisis moment.

We cannot allow these laws pass and with them, a legacy of consumer harm and financial hardship.

Can you send your MP an email today and ask them to speak out against Treasurer Frydenberg's irresponsible lending laws?

Your email will have more impact if you take a few minutes to personalise it, but we've included some tips to help you.

 

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Compose your email

Email Tips +

  1. Introduce yourself. Say who you are, where you live, and maybe what you do.
  2. State the reason for your email e.g. I’m writing to ask you to speak out against Treasurer Frydenberg's proposal to axe responsible lending laws.
  3. Explain why the issue matters to you. Have you or someone you know been affected you personally? Are you a lawyer or financial counsellor who can speak to the harm experienced by your clients?
  4. Make an ask. Be specific about what you’re asking your MP to do and let them know you would like a response to your email.
  5. Keep it courteous. MP offices receive hundreds of emails every day. Your message will be far more effective if you’re polite.
  6. Send it off. Once you've finished writing your email, click the button to send.
  7. Don’t forget! If you receive a reply from your MP, let us know by emailing [email protected]