ASIC has made an interim DDO stop order against Fidante Partners over the target market determination for the Ares Global Credit Income Fund. Here is what it means for fund issuers and distributors.
ASIC has started Federal Court proceedings against Swoosh Finance, alleging responsible lending failures and DDO breaches. Here is what the case is about and what it means for lenders.
ASIC made a final stop order preventing Indy-C from offering Centrepay credit arrangements at its Katherine store, after it failed to make a compliant target market determination.
The Federal Court has ordered American Express to pay an $8 million penalty for breaching its design and distribution obligations over its David Jones credit cards.
