ASIC’s first COVID-19 case against lender ‘sufficiently clear’, judge says

Financial Services 2021-09-28 9:57 pm By Cindy Cameronne | Sydney

Personal lender ClearLoans has lost its bid to strike out claims in ASIC’s first case related to the COVID-19 pandemic after a judge found the regulator’s action, which accuses the lender of breaching the hardship provisions of the credit laws, was “sufficiently clear”.