Judge halts BSF, Cigno penalty hearing, says ASIC should have fought appeal

Financial Services 2024-08-26 11:06 pm By Christine Caulfield

A three-day penalty hearing in action against payday lenders BSF Solutions and Cigno — in which ASIC is seeking a multi-million dollar fine — has been put on ice until after a challenge to a finding that they were unlicensed credit providers.