A
Payday loans in Australia are regulated by the National Consumer Credit Protection Act 2009, which caps fees and interest rates that lenders can charge.
2 years ago
Q
Can you provide details on the laws and regulations that govern payday loans in Australia?
Carolina
Answers
2 answers from the community
A
Lenders are also required to assess the borrower's ability to repay the loan and provide clear, upfront information about the loan terms.
2 years ago