They were ordered to pay back $10.8 million to consumers and fined a further $1.35 million in addition to entering an Enforceable Undertaking (EU) to uplift its risk, compliance and loan application assessment processes.
They were obligated to return $10.8 million to consumers and incur an extra $1.35 million in fines, alongside committing to implement an Enforceable Undertaking (EU) to strengthen their risk, compliance, and loan application assessment mechanisms.