10 Oct 2018

Govt to cap interest rates on high cost loans

From The Panel, 4:23 pm on 10 October 2018

The Prime Minister announced today that there will be an interest rate cap on "high cost" loans. This is in a bid to stop people getting swamped in debt.The Salvation Army has responded positively to the news. Ronji Tanielu is a Social Policy Advisor with the Salvation Army Social Policy and Parliamentary Unit. He explains there are some downsides.

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