Article: Credit unions and building societies launch responsible lending code.

Global Banking News-27 May 2009-Credit unions and building societies launch responsible lending code(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 27 May 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Australia's credit unions and building societies have announced that they have launched a responsible lending code.

The code, developed by the peak industry group Abacus, commits the financial institutions to fair, ethical and responsible lending. The agreement would require lenders to ensure members of their institution only borrow what they can afford to pay back, help those in ...

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