ASIC commences proceedings against Cigno and BHF Solutions over unlicensed credit activity
ASIC has commenced proceedings in the Federal Court against Cigno Pty Ltd (Cigno) and BHF Solutions Pty Ltd (BHF Solutions) for alleged contraventions of the National Consumer Credit Protection Act 2009 (National Credit Act). BHF Solutions and Cigno operate a lending model that provides small amounts of credit to a large number of consumers and …
