Cash Converters to pay $42.5m to settle class action

  • 📰 abcnews
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 83%

Australia Headlines News

Australia Latest News,Australia Headlines

Cash Converters agrees to a $42.5 million payout in order to settle a class action in which it is accused of charging vulnerable consumers excessive fees on personal loans.

Cash Converters has agreed to pay $42.5 million to settle a class action, in which it has been accused of charging vulnerable consumers excessive fees on personal loans.

The plaintiffs in the case took out personal loans ranging from $600 to $2,000 for periods of six months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

These Pay Day Afterpay lenders are Ripping off the POOR. Ask any Wealthy person about them and all they know is the Share Prices. They Could NOT find one with a GPS

Again its shows the failure of the Queensland state labor government to protect their own........

$ta$h ¢onverter$

175% interest rates.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stash of cash found at Ruinerwold farmDutch police have confirmed they’re investigating a large stash of cash found at the remote farmhouse in Ruinerwold where a family was allegedly locked away for nine years.
Source: newscomauHQ - 🏆 9. / 77 Read more »

Stash of cash found at Ruinerwold farmDutch police have confirmed they’re investigating a large stash of cash found at the remote farmhouse in Ruinerwold where a family was allegedly locked away for nine years.
Source: newscomauHQ - 🏆 9. / 77 Read more »

'They're cowards': How Aussie TV is failing our top young comediansAustralian comedy is having a world-class moment. Not that you'd know it looking at our local TV screens. kurdistannews24's account has been withheld in Turkey in response to a legal demand. Learn more.
Source: smh - 🏆 6. / 80 Read more »

When government keeps the truth from you, what are they covering up?Today newspapers from all over the country are running covers featuring blacked-out stories to fight for press freedoms and the public’s right to know what’s going on in this country. choox75 Why don't news organisations actually do investigative reporting on the scam of climate change ? Does this include Assange and how he should be freed, and that the government should help him. Or does the media just have selective articles they like to publish, like anti trump, pro trannies, how Megan is finding motherhood hard and all that other bs
Source: newscomauHQ - 🏆 9. / 77 Read more »

The flash play that didn't pay off for Latitude's FahourThe western Sydney suburb of Auburn, a short walk from the old Olympic stadium, is where dinosaurs go to dance. clancyyeates ColinJKruger latitude has more spin on it than my washing machine on a heavy load cycle .
Source: smh - 🏆 6. / 80 Read more »

Slick and fast-moving, Billy Elliot returns for another pirouetteReview: Billy Elliot supercharges the the action of the UK miner's strike by putting it in the hands – and feet – of the next generation
Source: smh - 🏆 6. / 80 Read more »