Labor accuses Coalition of stalling its own reforms to crack down on payday loans

Coalition-controlled Senate committee asks for reform bill to be blocked - despite the fact it originated as a government draft legislation

Labor has accused the Coalition of failing to back its own plan to crack down on payday lending by opposing a bill designed to protect vulnerable Australians.

On Monday the Coalition-controlled Senate economics legislation committee called for the small amount credit contract bill to be blocked to give the government time to enact sensible reform" - despite the fact it originated as a government draft bill.