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Wednesday 17 May 2023
ASIC has commenced civil penalty proceedings in the Federal Court against car finance provider Money3 Loans Pty Ltd (Money3) alleging breaches of its responsible lending obligations when providing finance for the purchase of second-hand vehicles.
ASIC Deputy Chair Sarah Court said, Taking strong action against credit providers who we consider have failed to consider the financial circumstan…
Read the full article at: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-126mr-asic-sues-money3-loans-for-responsible-lending-breaches/