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Resimac Faces ASIC Proceedings Over Hardship Notice Breaches, Plans Customer Refunds
8:24am on Wednesday 21st of May, 2025 AEST
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Financial Services
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Resimac Faces ASIC Proceedings Over Hardship Notice Breaches, Plans Customer Refunds
8:24am on Wednesday 21st of May, 2025 AEST
Key Points
ASIC initiates civil penalty proceedings against Resimac Limited
Alleged breaches of hardship notice obligations from Jan 2022 to Feb 2024
Resimac admits past shortcomings and apologizes
Enhanced hardship processes implemented following ASIC recommendations
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