Joint submission by the Stop the Debt Trap to the Senate Economics Legislation Committee on the National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020. The submission strongly opposes the Bill particularly provisions relating to Small Amount Credit Contracts (SACCs) and consumer leases (schedules 2-6 of the Bill). These are watered-down versions of the recommendations made by the independent SACC Review, and will not adequately protect consumers from predatory lending practices.
