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Showing 51 - 60 of 586 results for "Lenders"

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... shareholders and staff, and even the residents of Mission Beach who agreed to sell us their homes. Mayfair 101 and all our lenders deserve compensation for what has occurred."

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... taking all necessary measures to protect their members and customers from malicious scammers. "We are scrutinising the way lenders comply with their hardship obligations, how banks support First Nations consumers to access low-fee accounts, and how superannuation ...

Pallas Capital, Ares launch $500m lending fund

CHLOE WALKER  |  THURSDAY, 29 FEB 2024
... segment remains unserviced as it falls between the very narrow lending focus of the major banks. He said that many non-bank lenders prefer to focus on very small CRE loans or much larger loan exposures of over $50 million. "We expect to increase lending ...

IPO Capital clients receive payments from Mayfair 101

JAMIE WILLIAMSON  |  FRIDAY, 9 FEB 2024
Close to four years on from ASIC's first action against Mayfair 101, the group has resumed interest payments to lenders in IPO Capital. Payments for the December quarter have been made in full to more than 12 lenders after waiting for the group's liquidity ...

GCI welcomes investment director

CHLOE WALKER  |  THURSDAY, 1 FEB 2024
... overarching transformational credit offering. "We are continuing to see a demand for creative lending solutions as traditional lenders scale back and borrowers face increased restrictions," Solsky said. "Our offering is distinctive in that our team works ...

TAL appoints chief claims officer

KARREN VERGARA  |  MONDAY, 22 JAN 2024
... becoming chief of staff of the institutional bank division. She then became chief operating officer of life, general, and lenders mortgage insurance at BTFG before taking on a newly created role as executive director to oversee insurance mergers and ...

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... their due diligence and backed the company's strategy," unitholder Bruce Golightly said. "Sadly, it is clear Mayfair's lenders did more due diligence than ASIC did and now we are suffering the consequences of ASIC's negligence. We deserve to be compensated ...

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
ASIC has prolonged its product intervention orders for short-term and continuing credit contracts in a bid to protect vulnerable retail investors. The orders, which were first implemented in July 2022, will now be extended until 1 October 2032, or until ...

ASIC forced to pay James Mawhinney's legal costs

JAMIE WILLIAMSON  |  TUESDAY, 28 NOV 2023
... 2023. Mayfair 101 described this outcome as "a significant step forward" in ensuring its clients are made whole. About 570 lenders have missed out on principal and interest payments on their debt instruments since ASIC first took aim at Mayfair 101 in ...

Maple-Brown Abbott loses sales head

ELIZABETH FRY  |  FRIDAY, 24 NOV 2023
... "Continued strong corporate borrower demand for private credit creates a significant investment opportunity for private lenders such as Epsilon and our investors," he said. "In this environment, we continue to expand our team right across the firm to ...