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ClearLoans agrees to $6M penalty in ASIC’s first COVID-19 case against lender
Financial Services 2023-02-02 3:19 pm By Sam Matthews

Personal lender ClearLoans and its parent company have agreed to pay penalties of just over $6 million to settle the first COVID-19 related case brought by the Australian Securities and Investments Commission.

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ClearLoans settles ASIC’s first COVID-19 case against lender
COVID-19 2022-07-18 4:35 pm By Cindy Cameronne

The sole director of personal lender ClearLoans has agreed to settle the first case the Australian Securities and Investments Commission brought related to the COVID-19 pandemic.

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ASIC’s first COVID-19 case against lender ‘sufficiently clear’, judge says
Financial Services 2021-09-28 9:57 pm By Cindy Cameronne

Personal lender ClearLoans has lost its bid to strike out claims in ASIC’s first case related to the COVID-19 pandemic after a judge found the regulator’s action, which accuses the lender of breaching the hardship provisions of the credit laws, was “sufficiently clear”.

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Judge in ASIC’s first COVID-19 case says legal team swap no excuse for defaulting on orders
ASIC 2021-09-01 1:55 pm By Cindy Cameronne

The judge overseeing ASIC’s first COVID-19-related case has criticised personal lender ClearLoans’ delay in responding to the case, saying a change in the company’s legal representation was not an excuse for defaulting on court orders.

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ASIC ordered to clarify first COVID-19 case against ClearLoans
Financial Services 2021-04-12 10:11 pm By Cindy Cameronne

A judge has ordered ASIC to provide more detail in its case accusing personal lender ClearLoans of contravening the hardship provisions of the credit laws, in the regulator’s first case related to the COVID-19 pandemic.

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Landmark ruling nixing class closure orders likely to reach High Court
Analysis 2020-04-23 9:10 pm By Christine Caulfield

A ruling Wednesday that struck down class closure orders — a device used by judges in class actions for the past two decades — has split the courts in Australia and is expected to head to the High Court.

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