ASIC boss Joe Longo targets corporate shonks in predatory credit crackdown

The head of the corporate watchdog is warning that rising interest rates and the surging cost of living could push some consumers into financial stress.

Joe Longo, chairman of the Australian Securities & Investments Commission, has told AM the pressures on household budgets could tempt people to use dangerous and predatory products to make ends meet.

Mr Longo says one of the regulators key priorities will be protecting vulnerable Australians with a focus on First Nations people.

In a rare interview, I spoke with Joe Longo on the ABC's AM program

I also took a wider view on ABC Newsradio with Tom Oriti