ASIC fines consumer technology rental provider Local Appliance Rentals $257k for bad lending practices

By Nico Arboleda on Nov 8, 2018 4:05PM

Queensland-based Local Appliance Rentals (LAR) has been fined at least $257,500 by ASIC for not meeting responsible lending obligations from 2011 to August this year. Following an investigation, ASIC said the company failed to make reasonable inquiries or take steps to verify consumers financial ...

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