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Lyn McMorran said people could be punished for “fairly minor offences”.
Watch: Lyn McMorran, executive director of the Financial Services Federation, in conversation with Brent Edwards.
While the Financial Services Federation is pleased with the changes under the Credit Contracts and Consumer Finance Act, it says more needs to be done.
From Wednesday, Business and Consumer Affairs Minister Andrew Bayly called the 11-page affordability report “overly prescriptive”.
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