It's time to clamp down on pay day lenders

The rate of vulnerable Australian families being taken advantage of by pay day lenders has sky rocketed over the past decade, with 650,000 financially stressed households now holding a pay day loan.

These loans come with interest rates over 800% and drastically increase the cost of household items like a clothes dryer from $345 to over $3,000.

Federal Labor is calling on the Government to stop stalling and get on with the job of legislating important reforms to protect vulnerable Australians.

Show your support for Labor's campaign to clamp down on pay day lenders by adding your signature.

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