Barry Leddicoat

Nimble to refund customers $1.5m for 'irresponsible' loans

PAYDAY lender Nimble Australia will refund $1.5 million to more than 7,000 customers after an ASIC investigation raised concerns it did not meet responsible lending obligations.

The Australian Securities and Investments Commission probe found that Nimble failed to consistently recognise where consumers had taken out repeat loans from payday lenders.

It also found that Nimble failed to make proper inquiries about borrowers' financial circumstances and needs.

Overall, the corporate watchdog found Nimble was "failing to meet its responsible lending obligations".

ASIC's deputy chair Peter Kell said it is a significant outcome for financially vulnerable customers.

ABC


Woman faced potential decade in jail for counterfeit money in Roma

Premium Content Woman faced potential decade in jail for counterfeit money in...

A woman paid for fuel and food at a Roma service station with counterfeit money...

Western Downs man busted high on drugs at 136km/h on Warrego

Premium Content Western Downs man busted high on drugs at 136km/h on Warrego

Police patrolling the Warrego Highway busted a Western Downs man allegedly speeding...

Roma on the cusp of significant music festival this weekend

Premium Content Roma on the cusp of significant music festival this weekend

It is only a matter of days until one of the most significant music festivals west...