Relaxing responsible lending – the panacea needed?
Almost two weeks ago, the Internet was abuzz with emails flying around about the Government’s Consumer Credit reforms. It took many in the industry by
Almost two weeks ago, the Internet was abuzz with emails flying around about the Government’s Consumer Credit reforms. It took many in the industry by
Last Friday, ASIC announced it has commenced prosecution proceedings against Lightspeed Finance Pty Ltd (“Lightspeed”) and its director for failing to comply with an AFCA
Mid-January, Treasury invited submissions on proposed NCCP Regulations requiring for Credit Repair and Debt Management companies to hold an ACL. Arguably aimed at consumers, it
If you have or are an authorised representative, you need to be aware of an important change to AFCA Rules. It started a few days
Last week, I was asked if I knew anything about how Privacy arrears listed with a Credit Reporting Body (“CRB”) could be updated. The lender wanted
As an industry representative, there’s been very little information on ASIC’s new levies and so the following should be of interest to ACL holders. If
On Thursday (UK time), BBC News announced payday lender Wonga in the UK was going into administration. Grant Thornton will act as administrators. In September
January next year (2019) is a milestone date for the Personal Property Securities (“PPS”) Act as there’ll be 7 years of registrations on the PPS
Corrs Chambers Westgarth (“CCW”) recently advised of a Supreme Court of Victoria’s decision (Brighton Australia Pty Ltd (“Brighton”) v Multiplex Constructions Pty Ltd (Multiplex”) [2018]
The recent Budget by Treasurer the Hon Scott Morrison has had many perplexed in the past 10 days. On the one hand, we have some