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ASIC accepts enforceable undertaking after unlicenced credit activity

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Australian Broker | 27 Mar 2014, 05:42 AM Agree 0
ASIC has accepted an enforceable undertaking from a company it found engaged in unlicensed credit activity
  • Positive Broker | 28 Mar 2014, 08:34 AM Agree 0
    How does someone write 49 loans without a credit licence and only gets a slap on the wrist? Joe Broker gets hauled over calls for a lot less.
  • Papery | 28 Mar 2014, 10:02 AM Agree 0
    And worryingly the average loan size would indicate that his mob is taking advantage of a particular market segment. Smacks of Conflict of Interest to me.
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