Car loan providers investigated after buyers left with lemon cars and mounting debt
Loans are being approved without proper checks and used cars are breaking down soon after purchase.
Personal Loans
ASIC aims to put an end to Cigno as loan provider’s legacy lives on
The corporate regulator says it’s working to stop Cigno Australia’s predatory lending models for good.
Buy now, pay later products like Afterpay finally regulated
Consumer protections that apply to credit products will now apply to BNPL providers such as Afterpay, Zip and Humm.
In the murky world of pawnbroking, the harms are well hidden
Consumer advocates say an inquiry into the industry is long overdue.
After her son’s death, this mum wants to help young people seek financial help
When Libby’s son died she discovered he owed thousands to different payday lenders.
Another predatory Cigno loan model banned for good
The ‘no upfront charge’ lending model has been shut down, freeing 150,000 Australians from further payments.
Outback retailer stopped from causing financial harm to First Nations consumers
Urban Rampage had been using Centrelink’s automatic deductions platform to sell goods to remote communities.
Proposed buy now, pay later reforms a partial solution
A coalition of advocates say draft legislation should do more to protect consumers.
Car loan provider Money3 facing irresponsible lending claims
Company targets low-income borrowers and charges exorbitant rates.
New rules coming for buy now, pay later products
Draft legislation announced to rein in BNPL providers, but does it go far enough?