ASIC sues Rent4Keeps and Layaway Depot for alleged breaches of Credit Act
ASIC is suing Rent4Keeps and Layaway Depot in separate proceedings for alleged breaches of various consumer protections under the Credit Act. ASIC is concerned that both businesses operate business models designed to avoid consumer protections for financially vulnerable consumers, including the annual cost rate cap under the Credit Act. The effect of this is that …
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