Consumer groups urge Coalition to crack down on dodgy payday lenders

Ongoing delays prompt warning that predatory behaviour continues to force the vulnerable into debt spiral

The Coalition insists it is progressing new laws to crack down on dodgy payday lenders as consumer advocacy groups warn ongoing delays will see more vulnerable people exposed to the unethical practices of the sector.

An alliance of consumer groups has begun a fresh push in Canberra to force the government to introduce laws that it promised in response to a 2016 review of small amount credit contract laws targeted at lenders who profit from short-term high-interest loans, such as Cash Converters.

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