How’s Business? A question for the finance brokers out there – how’s business in these uncertain economic times? With end-of-month coming up, are you on track in September for a good result, have you seen a drop off in enquiry or are there more applications coming through that simply aren’t going to service? I think […]
What Economic Uncertainty Means for Finance Brokers Read More »
In September this year, ASIC issued an infringement notice to Fundo Loans Pty Ltd for $19,800 for breaching s12DB(1)(e) of the ASIC Act, which deals with making false or misleading representations. So what did Fundo Loans do that got them into trouble? ASIC alleged that Fundo’s website was showing a misleading claim that it offered
Is your advertising telling the whole truth? Read More »
Should asset finance brokers have a duty to dob in the cowboys? Incredibly, we’re approaching ten years since the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry began shining a light on some of the cowboys operating across financial services. Ten years! Time flies when you’ve had a global pandemic in
Dobbing in bad practice in the Asset Finance Industry. Read More »
If you’re thinking about applying for an Australian Credit Licence (ACL), one of the first questions is usually: how long will it take? Currently, we’d suggest around 3–6 months from lodgement. Of course, the better prepared and more straight forward an application, the better your chances of getting to the end of the process sooner.
How long does it take to apply for and be granted an Australian Credit Licence? Read More »
Misconduct relating to used car financing to vulnerable customers on ASICs hit list It comes as no surprise to anyone that ASIC announced that it wanted to take a closer look at the used car industry as one of its priorities for 2024, as far too many customers continue to be sold dodgy cars and be stitched up on