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ASIC appeals ruling in case against payday lenders Cigno, BHF Solutions

ASIC is challenging the dismissal of its enforcement action against payday lenders Cigno and BHF Solutions in a decision that found the companies did not need a licence to issue loans to hundreds of thousands of consumers.

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Judge tosses ASIC’s case against payday lenders Cigno, BHF

A court has dismissed ASIC’s enforcement action against payday lenders Cigno and BHF Solutions, finding the companies did not need a licence to issue loans to hundreds of thousands of consumers.

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