Money Converters to refund millions to pay for loan customers day

Money Converters to refund millions to pay for loan customers day

Money Converters has compensated an overall total of $1.35 million for 30 infringement notices.

ABC Information: Giulio Saggin, file picture

Payday loan provider money Converters will refund customers huge amount of money and spend an infringement notice after a study by the Securities that is australian and Commission (ASIC).

Key Points

  • Refunds on 118,000 little credit agreements
  • Money Converters to refund $10.8 million in charges
  • ASIC says money Converters violated accountable financing responsibilities

The refunds connect with 118,000 touch credit agreements, or loans. Continue reading Money Converters to refund millions to pay for loan customers day