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Concerns Govt lending changes put vulnerable people at risk | 1News

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The Government has announced it will reform financial services in a bid to make it easier to get home loans and other lending, and strengthen customer protections.

Commerce and Consumer Affairs Minister Andrew Bayly said regulations introduced by the last government created unnecessary compliance costs and an excessive barrier for lending.

However, there's concern the winding back of lending regulations by the Government could put vulnerable people at risk.

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Australia
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TVNZ, 1 NEWS, NZ
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