Cash Converters to pay more than $12 million after ASIC investigation

Payday lender Cash Converters will refund AU$10.8 million to consumers and has paid an AU$1.35 million penalty after an investigation by the Australian Securities and Investments Commission (ASIC).

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Read more: Cash ConvertersASICUCA Funds ManagementThorn GroupAustralian Securities and Investments CommissionMichael Walshpayday lending