‘Greedy and Evil’ Payday Lender’s ASIC Cat and Mouse Game Continues
Laura Platt was in desperate need of money to fix her car when she saw an ad for Cigno, which gave “quick cash loans of up to $1,000”. Key points: ASIC has banned the types of loans offered by Cigno, but the company appears to have established a new lending model. Cigno earned $60 million …
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