Marketplace Lender SocietyOne Tops $1 Billion in Lending
SocietyOne, an Australian marketplace lending platform, says it has topped $1 billion in online lending in January.
SocietyOne notes that it launched a secured lending product in December and said the month generated a record amount of originations. The secured product first completed a pilot with a small selection of brokers, who were said to have provided extremely positive feedback.
SocietyOne CEO
Mark Jones commented:
“We’re hitting the ground running in 2021 and building on our strong growth momentum by diversifying our product offering through a range of new product launches and improvements to the customer experience. With the launch of a secured loan product, we’re able to increase accessibility and flexibility for our customers, while maintaining our high credit quality for our investors. Eligible borrowers will now be able to access an increased loan amount and longer-term while receiving a 1% rate discoun
Review of Crown Resorts Melbourne licence fast-tracked
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The Victorian government has fast-tracked its next major review of Crown Resortsâ Melbourne casino licence in the wake of damning public hearings into the gaming giantâs suitability in New South Wales.
Gaming Minister Melissa Horne has brought forward by two years the seventh Victorian Commission for Gambling and Liquor Regulation casino review to determine if Crown is suitable to hold the stateâs sole casino licence.
The Victorian government has brought forward its review of Crown casino s licence.
Crown Resorts whistleblower Jenny Jiang sues gambling giant over treatment in China
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DecDecember 2020 at 9:33pm
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A former Crown Resorts employee who exposed the company s conduct in China and helped spark a powerful inquiry in New South Wales says she is taking her fight against the gambling empire to the Supreme Court.
Key points:
Jenny Jiang was detained in China in 2016, along with 18 other Crown employees, for breaking Chinese gambling laws
Maurice Blackburn Lawyers
Leading law firm Maurice Blackburn Lawyers has lodged a new class action against Crown Resorts Limited alleging the company’s governance and risk management failings caused a massive share price plunge in October.
Crown’s share price fell over 8 per cent on October 19 after news emerged that anti-money laundering agency AUSTRAC had initiated a formal enforcement investigation into Crown, having identified potential non-compliance by Crown Melbourne with anti-money laundering (AML) financing laws.
Maurice Blackburn Lawyers on Friday lodged the new class action with the Supreme Court of Victoria alleging Crown had engaged in misleading or deceptive conduct during the period from 11 December 2014 to 19 October 2020 by representing that it had robust or effective systems for ensuring compliance with its AML obligations, including as they applied to its VIP international business and engagement with overseas junket tour operators, and had not disclosed rel