ABC News – Australia
·australia
·1 hour ago
Companies and directors fined $7m over payday lending scheme
Cigno Australia and BSF Solutions were fined $7 million by the Federal Court over an illegal payday lending scheme on Friday. The companies, along with directors Mark Swanepoel and Brenton Harrison, faced penalties for breaching credit rules and generating over $91 million in fees. ASIC emphasized their commitment to protecting Australians from predatory lending practices.
Summary by Glance · ABC News – Australia
Newer
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI