ASIC has charged Helio Lending for falsely representing that it had a credit licence that allowed it to offer cryptocurrency-backed loans.
April 9, 2022Two firms repeatedly engaged in disruptive, aggressive and uncooperative behaviour toward AFCA, a civil penalty offence since April 2019.
August 6, 2021ASIC’s appeal seeks judicial clarification on the operation of key obligations under the National Credit Act and National Credit Code.
July 28, 2021Providers of debt management services including debt negotiation or credit repair services must obtain a credit licence to continue operating.
July 8, 2021Firms providing debt management services need to apply to ASIC for a credit licence and become a member of AFCA by 30 June 2021.
May 10, 2021The affected server was being used to share documents associated with recent credit licence applications, though no forms or attachments are believed to have been accessed.
January 26, 2021The penalty was discounted due to NAB’s cooperation with ASIC and its admissions that it contravened the law by using unlicenced home loan referrers.
October 20, 2020Both companies have been providing credit to a large number of consumers and charging "substantial fees", without holding an Australian credit licence.
October 1, 2020Under the amendments, firms will be able to test a wider range of new financial and credit products and services without a licence from ASIC, for a longer time.
February 12, 2020