'Greedy and evil' payday lender Cigno's game of cat and mouse with ASIC continues - ABC News

7/25/2022 12:00:00 AM2 years 9 months ago
by Rhiana Whitson

ASIC is investigating whether a third lending model set up by "predatory" payday lender Cigno is legal, while the company takes its fight to be exempt from credit laws to the High Court.

Laura Platt desperately needed money to repair her car when she saw an advertisement for Cigno, which spruiked "fast cash loans of up to $1,000". Key points: