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Lightspeed director charged $220k over credit act breach

The lender’s head has been found guilty for failing to give effect to AFCA determinations, thus breaching the National Consumer Credit Protection Act. According to ASIC, these proceedings began whe

Sam nicholsMark james fitzpatrickJustice roger derringtonSarah courtNational consumer credit protectionLightspeed financeJames fitzpatrickRoger derringtonFederal court

Lightspeed Finance and director fined for failure to give effect to an AFCA determination

The case involves an "unaffordable loan" to complete home renovations

Justice derringtonMark james fitzpatrickSarah courtNational creditAustralian financial complaints authorityFederal courtLightspeed financeNational credit actLightspeed finance

ASIC commences proceedings against credit licensee over failure to comply with AFCA determination

ASIC has commenced proceedings in the Federal Court against credit assistance provider Lightspeed Finance Pty Ltd (Lightspeed) and its director Mark.

Mark james fitzpatrickLightspeed finance pty ltdRoyal commissionAustralian financial complaints authorityFinancial services royal commissionFederal courtAustralian securities and investments commissionAustralian financial complaints authorityFinancial servicesRoyal commissionCivil penaltyFederal courtஅரச தரகுஆஸ்திரேலிய நிதி புகார்கள் அதிகாரம்நிதி சேவைகள் அரச தரகுகூட்டாட்சியின் நீதிமன்றம்

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