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Australian non-bank financial lenders now required to meet consumer-data right laws

( November 30, 2022, 06:01 GMT | Official Statement) -- MLex Summary: Non-bank lending companies with interests in Australia now have to adhere to the country's new consumer-data right laws, after the regulations were officially enacted today. The regulations look to improve Australian clients of non-bank lenders, particularly those involved in the country's energy sector, to ensure that they had change their providers and make more informed decisions. In a statement published today, Australian Minister for Financial Services Stephen Jones said that the new regulatory oversight is also expected to be expanded the telecommunications industry.The complete statement follows:...

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