ASIC has established legal proceedings contrary to the lending that is payday run by the money Store, searching for economic charges for breaching credit rating legislation, such as the accountable financing responsibilities, and participating in unconscionable conduct.

The cash Store Pty Ltd (TCS) and Assistive Finance Australia Pty Ltd (AFA) ASIC’s civil penalty proceedings have been filed in the Federal Court of Australia in Melbourne against Australian credit licensees. Continue reading →