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Personal Loans Australia :: News

Finance News from Personal Loans Australia

Personal Loans Australia is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

Finance News
Year: Month:

ASIC Investigates Private Lending Sector Amid Rapid Expansion ASIC Investigates Private Lending Sector Amid Rapid Expansion
04 Jun 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the private lending sector, revealing significant inconsistencies and potential risks. This scrutiny comes in response to the sector's rapid expansion, with private credit extending approximately $200 billion in loans, primarily to high-risk real estate developers and property investors. - read more
ASIC Halts City Finance Lending's Small Amount Credit Contracts ASIC Halts City Finance Lending's Small Amount Credit Contracts
04 Jun 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has recently issued an interim stop order against City Finance Lending Pty Ltd, preventing the company from issuing its small amount credit contracts (SACCs) to retail clients. This action was taken due to deficiencies identified in the company's target market determination (TMD), raising concerns about the suitability of these products for consumers. - read more
Cigno Australia and BSF Solutions Penalised $7 Million for Unlawful Lending Practices Cigno Australia and BSF Solutions Penalised $7 Million for Unlawful Lending Practices
04 Jun 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has recently imposed significant penalties on Cigno Australia and BSF Solutions, along with their respective directors, for operating an illegal payday lending scheme. The Federal Court has ordered each company to pay $3 million, with additional fines of $500,000 levied against directors Mark Swanepoel and Brenton Harrison. This enforcement action underscores ASIC's commitment to protecting consumers from predatory lending practices. - read more

Personal Loans Articles

Top Mistakes to Avoid When Applying for a Loan
Top Mistakes to Avoid When Applying for a Loan
Applying for a loan can be a daunting process, filled with numerous requirements and potential pitfalls. However, avoiding mistakes is crucial to boost your chances of approval and secure the best possible terms. Making errors during your application can lead to unnecessary delays, higher interest rates, or even denial. - read more
The Ultimate Guide to Repairing Your Credit Score Fast
The Ultimate Guide to Repairing Your Credit Score Fast
A credit score is a numerical representation of your creditworthiness. It's derived from your credit history, which includes the total amount of debt you have, your payment history, and other financial behaviours. - read more
Mastering Money Management: The Essentials of Personal Budgeting
Mastering Money Management: The Essentials of Personal Budgeting
Embarking on a journey towards financial stability begins with the mastery of personal budgeting. It's the cornerstone of sound money management, where every dollar is allocated purposefully, paving the way for a future free from the shackles of financial stress. In this all-important first step, individuals learn the fine art of balancing their earnings with their expenditures, a fundamental skill for anyone looking to navigate their finances with confidence. - read more


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Knowledgebase
Lien:
A legal claim against a property that must be paid off when the property is sold.


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