ASIC victory in four-year pursuit of high-fee lenders

By Miklos Bolza
Updated May 24 2024 - 4:25pm, first published 4:21pm
A judge has backed ASIC in finding two firms had illegally issued $34 million in unlicensed loans. (Dean Lewins/AAP PHOTOS)
A judge has backed ASIC in finding two firms had illegally issued $34 million in unlicensed loans. (Dean Lewins/AAP PHOTOS)

The financial watchdog has been handed a victory in a four-year legal battle against Gold Coast lenders that charged exorbitant fees for loans issued without a credit licence.

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