Tag Archives: responsible lending

ASIC takes action against Swoosh for alleged responsible lending failures and DDO breaches

Posted on December 20, 2024 Posted inDesign and Distribution Obligations, National Credit CodeTags:ASIC, DDO, responsible lending

ASIC has initiated civil penalty proceedings against Ausfinancial Pty Ltd, trading as Swoosh Finance, in the Federal Court. The proceedings allege that Swoosh breached its responsible lending obligations and design and distribution obligations. Read on for more information about these proceedings.