The Federal Court today found the business model used by Rent4Keeps to sell everyday goods, such as furniture, electronics and whitegoods breached the Credit Act. Between 1 April and 30 June 2019, Rent4Keeps’ largest franchise, Darranda Pty Ltd, entered into 516 ‘lease’ agreements with customers, often from low socioeconomic backgrounds, who paid significantly more for …
ASIC has cancelled the Australian financial services (AFS) licence of contracts for difference (CFDs) and foreign exchange contracts issuer, FXOpen AU Pty Ltd (FXOpen AU), after an investigation identified serious concerns about the inadequacy of its human resources to provide financial services and to carry out supervisory arrangements. ASIC’s investigation also found that FXOpen AU …
ASIC cancels AFS licence of retail OTC derivative issuer FXOpen AU Read More »
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