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.
Consumers expected a repayment of $10.8 million from them and a fine of $1.35 million, necessitating the entry into an Enforceable Undertaking (EU) to improve their risk management, compliance, and loan evaluation processes.