Asic snaps back at critics of responsible lending laws after Frydenberg comments

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Corporate regulator says suggestions that rules curb flow of credit to small businesses is a ‘myth’

The corporate regulator has hit back at the treasurer, Josh Frydenberg, over suggestions that responsible lending laws might make banks nervous to lend to small businesses, describing the idea that the rules crimped the flow of credit to the sector as a “myth”.

 

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