Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

ASIC takes payday lenders to task

Notify me of new replies via email
Australian Broker | 04 Jul 2014, 05:40 AM Agree 0
ASIC has taken aim at two payday lenders, alleging they have shirked responsible lending obligations
  • wayne | 04 Jul 2014, 09:55 AM Agree 0
    What about the robbing Private Lenders
    How long will they be flying under the radar?
  • Denise Brailey BFCSA (Inc) | 04 Jul 2014, 11:05 AM Agree 0
    ASIC is fiddling around the edges again. They know its the Major Lenders that were behaving as pensioner payday lenders. Evidence of widespread problems handed in to the Senate. The point is the issue will not go away as these older people need help. If its only a small matter why did banks not pay people out from petty cash? Problem its it was widespread by Bank execs for many years and we have the proof. What does the industry do about that problem?
  • Regional Broker | 04 Jul 2014, 11:36 AM Agree 0
    Just has a private lender promoter email out promotional material for "private Loans" short term , "Non Code and Code" available " , will ASIC be look at the "code" loans in this space as well >
Post a reply