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’House of cards’: How lending culture is leaving Australians vulnerable

A decade of housing price rises, low interest rates and relatively easy credit has left Australians carrying the second-highest level of household debt in the world.

’House of cards’: How lending culture is leaving Australians vulnerable
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And despite efforts to tighten lending and to address problems in the lending culture, the ABC’s Four Corners program has learnt bank staff and mortgage brokers are still required to meet tough lending targets and some staff are threatened with dismissal if they do not meet the banks’ requirement to sign up more mortgages.

Read the full article on ABC Online.

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