The Assistant treasurer was on Lateline Business just now explaining why he though restrictions on payday lending were a good idea.
He was pressed on the impact it will have on the industry, the now defunct EZCORP deal was blamed on his intervention, and the host also mentioned that there are very few consumer complaints and that the customer petition being promoted by CashConverters currently has 21,000 signatures.
I wonder if there is the prospect of opposition to the changes being proposed. Not on the scale of the Carbon Tax of course, but something sufficient to derail the changes.
The Assistant treasurer was on Lateline Business just now...
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