Payday lender Cigno’s cash prize lottery raises concerns of consumer groups
Past incarnations of the company which charged exorbitant fees for small loans were pursued in the courts by Asic
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Payday lender Cigno is offering lottery-style cash prizes in a revamped business that is raising concerns from consumer groups it will target vulnerable Australians.
The Gold Coast company, which built its business on offering emergency cash to struggling households, has been pursued in the courts by the corporate regulator over past incarnations that charged exorbitant fees for small loans.
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Law (Australia) | The Guardian
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