This is pretty concerning regarding the allegations they are cooking the books with 'unusually' 'smooth' margins compared to peers.
Westpac pulling funding for the lending business I'm not so sure, the Wallet Wizard loan is far less predatory than most pay day lending.
I imagine this will get smashed on open. Will be interesting to see the company's response. I always felt the the numbers and track record of the business implied really exceptional management, I suppose this is what the company will defend in it's response.
Will keep reading.
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