ASIC puts payday lenders on notice they may be breaching the law
- Written by The Conversation
Late last week, corporate watchdog the Australian Securities and Investments Commission (ASIC) issued a warning to lenders that provide high-fee small-amount loans – known as payday lenders – that they may be breaching consumer-lending laws.
Trying to provide effective protections to borrowers of these small loans is fiendishly...
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