Payday loan industry using former Labor shadow minister as lobbyist

Bernie Ripoll helping National Credit Providers Association argue against stronger protections for borrowers The payday loan industry is using Labor's former shadow financial services minister to lobby against stronger protections for vulnerable and low-income borrowers. Consumer advocates have put pressure on the government to act on a promise to tighten regulation of the controversial sector, following repeated accusations that unscrupulous lenders are giving high-fee loans to borrowers who ar...