Matches in SemOpenAlex for { <https://semopenalex.org/work/W3157185726> ?p ?o ?g. }
Showing items 1 to 61 of
61
with 100 items per page.
- W3157185726 abstract "National responsible lending regimes have operated in Australia since 2009, with the stated aims to encourage prudent lending, curtail undesirable market practices, and impose sanctions for irresponsible lending and leasing. This article outlines a study of the supervision of the responsible lending rules by the Australian Securities and Investments Commission from 2014 to mid-2017. The study finds that the Commission proactively engaged with lenders, encouraged tighter lending standards, and sought or imposed severe penalties for egregious conduct. Further, the Commission strategically targeted credit products commonly acknowledged as the riskiest or most material from a borrower’s perspective, such as small amount credit contracts, interest only home loans, and car loans. Despite these positive findings however, many households are heavily indebted and large segments of the community and the nation are highly susceptible to future harm. In this environment, we question the timeliness and sufficiency of the Commission’s interventions and responses, and predict further litigation that tests the boundaries of the responsible lending rules. Moving forward, we call for more systematic supervision of responsible lending risks, practices and exposures and propose modest reforms that require lenders to better inform and engage with consumers about the risks of elevated levels of debt." @default.
- W3157185726 created "2021-05-10" @default.
- W3157185726 creator A5074767001 @default.
- W3157185726 creator A5083324716 @default.
- W3157185726 date "2018-07-18" @default.
- W3157185726 modified "2023-09-26" @default.
- W3157185726 title "Supervision of the Responsible Lending Regimes: Evidence, Theory, Analysis & Reforms" @default.
- W3157185726 hasPublicationYear "2018" @default.
- W3157185726 type Work @default.
- W3157185726 sameAs 3157185726 @default.
- W3157185726 citedByCount "0" @default.
- W3157185726 crossrefType "posted-content" @default.
- W3157185726 hasAuthorship W3157185726A5074767001 @default.
- W3157185726 hasAuthorship W3157185726A5083324716 @default.
- W3157185726 hasConcept C10138342 @default.
- W3157185726 hasConcept C120527767 @default.
- W3157185726 hasConcept C121955636 @default.
- W3157185726 hasConcept C144133560 @default.
- W3157185726 hasConcept C17744445 @default.
- W3157185726 hasConcept C199539241 @default.
- W3157185726 hasConcept C2776034101 @default.
- W3157185726 hasConcept C2777363581 @default.
- W3157185726 hasConcept C2778069335 @default.
- W3157185726 hasConcept C73283319 @default.
- W3157185726 hasConceptScore W3157185726C10138342 @default.
- W3157185726 hasConceptScore W3157185726C120527767 @default.
- W3157185726 hasConceptScore W3157185726C121955636 @default.
- W3157185726 hasConceptScore W3157185726C144133560 @default.
- W3157185726 hasConceptScore W3157185726C17744445 @default.
- W3157185726 hasConceptScore W3157185726C199539241 @default.
- W3157185726 hasConceptScore W3157185726C2776034101 @default.
- W3157185726 hasConceptScore W3157185726C2777363581 @default.
- W3157185726 hasConceptScore W3157185726C2778069335 @default.
- W3157185726 hasConceptScore W3157185726C73283319 @default.
- W3157185726 hasLocation W31571857261 @default.
- W3157185726 hasOpenAccess W3157185726 @default.
- W3157185726 hasPrimaryLocation W31571857261 @default.
- W3157185726 hasRelatedWork W1480024049 @default.
- W3157185726 hasRelatedWork W1550977293 @default.
- W3157185726 hasRelatedWork W1571784113 @default.
- W3157185726 hasRelatedWork W1619508483 @default.
- W3157185726 hasRelatedWork W1890456127 @default.
- W3157185726 hasRelatedWork W1912942980 @default.
- W3157185726 hasRelatedWork W2260742025 @default.
- W3157185726 hasRelatedWork W2261671400 @default.
- W3157185726 hasRelatedWork W254674351 @default.
- W3157185726 hasRelatedWork W2728738320 @default.
- W3157185726 hasRelatedWork W2886614422 @default.
- W3157185726 hasRelatedWork W294051464 @default.
- W3157185726 hasRelatedWork W2965364488 @default.
- W3157185726 hasRelatedWork W3123737086 @default.
- W3157185726 hasRelatedWork W3124189734 @default.
- W3157185726 hasRelatedWork W3125004076 @default.
- W3157185726 hasRelatedWork W3125700750 @default.
- W3157185726 hasRelatedWork W3134119139 @default.
- W3157185726 hasRelatedWork W68429622 @default.
- W3157185726 hasRelatedWork W1549756784 @default.
- W3157185726 isParatext "false" @default.
- W3157185726 isRetracted "false" @default.
- W3157185726 magId "3157185726" @default.
- W3157185726 workType "article" @default.