Responsible Lending

Responsible lending is a cornerstone of the credit industry. While the laws have been in place for more than 15 years, recent court judgments demonstrate that there is still room for improving expectations amongst stakeholders. Arca brings a high degree of internal expertise to this issue and, through our Member work groups, has taken a leading role in describing how they laws can be used to improve consumer outcomes. During the last significant update to ASIC’s RG 209, Arca was the only industry association to be invited to speak to ASIC’s public hearings.