ASIC claims Solvar unit provided unsuitable car loans to vulnerable customers

ASIC 2023-05-17 11:00 pm By Gareth Baker | Sydney

Please login to bookmark

The Australian Securities and Investments Commission has dragged lender Money3 to court for allegedly failing to properly assess the creditworthiness of low-income individuals before saddling them with $11,000 loans for second-hand car purchases.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au