Predatory payday loans dealt a stunning blow – Cash Converters to pay out $12 million

As thousands of Australian’s struggle to repay their payday loans, there has been a glimmer of hope. A shakeup for payday loans Cash Converters, following a probe by the Australian Securities and Investment Commission (ASIC), has agreed to pay back more than $10 million in payday loan profits. $2 million in fines has been added … Continue reading Predatory payday loans dealt a stunning blow – Cash Converters to pay out $12 million