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‘Caught Short’ Report Shows Short-Term Loan Industry Needed

September, 23, 2011:        The National Financial Services Federation today welcomed the “Caught Short” report prepared by RMIT, which highlights the need for sensible regulation of the short-term lending industry.     “It is pleasing to note that the researchers who prepared the report acknowledged the need for the ongoing viability of the short-term loan industry as it is an important source of funds for many people,” said NFSF Chairman Mark Redmond, who attended the launch of the report in Melbourne.     “Short-term lenders embrace reform of the sector and agree with regulation that will protect disadvantaged Australians from ...
 

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