Monthly Archives: March 2021

ASIC sues short-term lenders

The watchdog has initiated proceedings in Federal Court against two payday lenders for alleged unauthorized credit activity. The Australian Securities and Investments Commission (ASIC) has initiated proceedings in the Federal Court of Australia against Cigno Pty Ltd and BHF Solutions Pty Ltd for alleged breaches of the National Consumer Credit …

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The regulatory future of payday loans

Payday and short-term loans are a controversial topic in the United States, especially when it comes to their regulation. Loans, usually for small amounts and on a short-term basis, are hailed by proponents as necessary tools for consumers facing a financial burden, such as an unexpected car repair, with few …

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