Payday lender Cigno pocketed $78M in fees for unlicenced lending, ASIC claims
ASIC 2020-09-30 5:02 pm By Christine Caulfield | Melbourne
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Payday lenders Cigno and BHF Solutions are facing enforcement action by the corporate regulator alleging they breached the credit laws by lending to hundreds of thousands of consumers with a licence and charging $78 million in fees.

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