Cigno Australia Pty Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cigno, BSF breached Credit Act

The Federal Court has found Cigno Australia Pty Ltd and BSF Solutions Pty Ltd engaged in credit activity without an Australian Credit licence and charged consumers prohibited fees.

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ASIC Triumphs Over Cigno, BSF Solutions in Federal Court

ASIC Triumphs Over Cigno, BSF Solutions in Federal Court
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Compliance And Enforcement In Retail Credit And Financial Services - Address By ASIC Deputy Chair Sarah Court At The Australian Retail Credit Association Credit Summit, 16 November 2023

Compliance And Enforcement In Retail Credit And Financial Services - Address By ASIC Deputy Chair Sarah Court At The Australian Retail Credit Association Credit Summit, 16 November 2023
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Two lending companies found guilty of engaging in unlicensed conduct

Companies had a "harmful lending model," ASIC says

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ASIC trumps parasitic fees in Cigno payday loan appeal

Tens of millions of dollars flowed through the lending scheme in only 5½ months, a court heard.

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