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Court Rules Sunshine Loans Levied Forbidden Fees on Customers

Court Rules Sunshine Loans Levied Forbidden Fees on Customers
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

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Sunshine Loans charged prohibited fees – court

The lender illegally charged fees over 12,000 times

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'Wage-advance' apps aren't subject to responsible-lending obligations, but there are calls for government intervention

When Sharmy Walker was hit with a huge vet bill, she turned to a new type of fast-money app to help cover it. Now, she says she's trapped in a "vicious cycle" of debt.

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Buy now pay later, pay day loans: concern rising interest rates and cost of living pressures will push cash strapped people into riskier loans: ASIC

Cash-strapped people will be pushed towards riskier payday loans, buy now, pay later and debt consolidation products, the head of the Australian Securities and Investments Commission warns.

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Latitude fined $1.55m for spam breaches

The personal lender has been fined after sending over 3 million commercial emails and text messages to customers without opt-out options.

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ASIC cuts back on court cases

The watchdog launched almost 100 fewer criminal cases in the first half of this year than in the six months before and only a third as many civil actions.

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ASIC sues online lender

The regulator has commenced a civil lawsuit against Sunshine Loans, for allegedly collecting more than $320,000 in prohibited fees. ASIC has alleged that the online personal lender charged the fees t

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ASIC sues Sunshine Loans for charging prohibited fees

ASIC sues Sunshine Loans for charging prohibited fees
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

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'Up there with pay day loans': Calls for crackdown on wage advance apps

'Up there with pay day loans': Calls for crackdown on wage advance apps
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

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