National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020 | Submission to the Economics Legislation Committee
ACCI supports the draft amendments proposed in the National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020. The proposed amendments will provide greater flexibility for lenders while maintaining strong consumer protections for borrowers. The effectiveness of the primary financial dispute resolution body, the Australian Financial Complaints Authority (AFCA) has not, but should be, considered as part of maintaining consumer protections.