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ASX-listed non-bank lender agrees enforceable undertaking and resolves civil penalty proceedings brought by ASIC

April 2021

Client(s) ASX-listed non-bank lender

Jones Day represented an ASX-listed non-bank lender in relation to ASIC investigations and enforcement action concerning lending alleged to be in contravention of the National Consumer Credit Protection Act 2009 (Cth), including the negotiation of one of the first Enforceable Undertakings and Remediation Programs entered into by ASIC following the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry and civil penalty proceedings in the Federal Court of Australia.

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