MFAA meets to discuss credit regulation

By Staff Reporter• Thursday, 23 Jul 2009•3 min read

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The MFAA will meet in Hobart today to discuss the implementation of the National Consumer Credit Protection Bill.

The Bill, which is currently before federal parliament, aims to introduce consistency across credit industry regulation.

MFAA CEO Phil Naylor said a national approach to credit regulation will improve clarity for consumers while cutting red tape for business operators.

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“The MFAA is focused on ensuring that the standards that apply to its members exceed the standards expected through government regulation. Our industry is committed to working towards best practice,” he said.

A Senate Committee Inquiry into the Bill will report its findings to parliament on August 8.

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