NAB says no to payday lenders

Share

Share

Last night NAB was singled out by 4 Corners for our position on payday lending – which includes not pursuing business from payday lenders – and our support of Good Money and other microfinance initiatives.

The program outlined the highly questionable business practices were impacting vulnerable Australians and causing them to fall into a spiral of debt.

Good Shepherd Microfinance was also featured as a safe and affordable alternative to predatory lenders, offering no or low interest loans to people on low incomes through its Good Money stores.

NAB is focused on helping all Australians have a healthy relationship with money. We know we can play a big role in helping people on low incomes access basic financial products and increase their financial confidence.

That’s why, since 2003 we’ve been working with Good Shepherd Microfinance, the Federal Government and over 400 community organisations to help provide Australians with financial resources, education and microfinance products. Find out more about our microfinance initiatives here.

You can watch the program here.

Announcements

SEE ALL TOPICS

Related Articles

  • Media Release

NAB releases Q1 trading update

  • 21.02.2024
  • Time to read 1 min read
  • Business

NAB’s Green Finance for Commercial Real Estate to help customers reduce emissions, build climate resilience

NAB has launched Green Finance for Commercial Real Estate (CRE) to help support investment in – or the development or retrofit of – eligible, commercial buildings.

  • 14.02.2024
  • Time to read 2 min read
  • Business

NAB’s Adelaide HQ welcomes even more workers back to the CBD

NAB has unveiled its new Adelaide headquarters, supporting a revitalised CBD and setting a new sustainability benchmark for South Australia.

  • 09.02.2024
  • Time to read 2 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.